24 Nov An Act to consolidate and amend the law relating to co-operative societies in the State of Maharashtra. WHEREAS, with a view to providing for. (1) This Act may be called the Maharashtra Co-operative Societies Act, . 14 [(16) “housing society”means a society, the object of which is to provide its. (1) This Act may be called the Maharashtra Co-operative Societies Act, . [(16) “housing society” means a society, the object of which is to provide its.

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Power to direct amendment of byelaws. Parties to the petition. Provided that the State Government may, by notification in the Official Gazettespecify in respect of any class of societies a higher or lower maximum than one-fifth of the share capital or, as the case may be, a higher or lower amount than [twenty thousand rupees].

Section 11, in so far as it relates to the continuance of a maharashtra cooperative housing society act 1960. Nominal and associate member. Vesting of property in Trustee and Debenture holders charge on assets. Dairy Co-operative Society having jurisdiction over less than a taluka in the respective district. One time limit for repairs and maintenance expenses management committee can decide is Rs.

Publication of list of valid nominations.

Purposes for investment of hosing by the Registrar. Annual maharashtra cooperative housing society act 1960 body meeting. All powers of the Registrar in respect of the Co-operative Sugar Factories. In case of suspension of the committee, the Registrar with prior permission of the Reserve Bank of India, shall revoke the order of suspension and direct the Administrator to handover the management to the committee].

Power of supersession of committee or removal of member thereof. Admission to polling station. Appointment of election agent and revocation of such appointment. Limits on loans against fixed deposits.

Maharashtra Co-Operative Societies Act,

Prohibition of canvassing in or near polling maharashtra cooperative housing society act 1960. Procedure for change of address mahraashtra societies. If the society does not communicate any decision to the applicant within three months from the date of receipt of maharashtda application the applicant shall be deemed to have been [admitted] as a member of the society.

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Appeal against rejection of nomination paper at election. Casual vacancies how to be filled in. Additional responsibility to file FIR if misappropriation, etc is provided.

Recent changes in Maharashtra Co-Operative Society Act 1960

Delegation of power of Registrar to certain authorities and officers. Contributions, fees and charges to be credited to Government. Power under Section of the M. Power to remove difficulty.

Reservation of certain seats on committees of societies and election thereto. Amended by Corrig, A. Funds not to be coopertive for certain proceedings filed or taken by or against officers in personal capacities.

Societies with area of operation extending over Greater Bombay, Registered office of which is located in maharashtga jurisdiction excluding maharashtra cooperative housing society act 1960 specified under Section 73G and notified under Section 73IC of the Act, Premises and Housing Societies having membership of more than 50 maharashtra cooperative housing society act 1960 land coopefative more than 5, sq.

Power to exempt societies [or class of societies] from conditions as to registration. Provided that, where a society has by or under this Act, permitted a member to transfer his share or interest on death to any person, the register shall also show against the member concerned the name of the person entitled to the share or interest of the member, and the date on which the nomination was recorded.

Registration with limited or unlimited liability. Deposit towards costs for hearing and power to award costs. Contribution to the Fund by the Societies. Ixvi prescribe for the appointment of a receiver of the produce and income of the mortgage property for sale under sectionthe conditions in which he may be appointed or removed, the powers and functions which he may exercise and the expenses of management and remuneration which he may receive.

The term of the members of such provisional committee shall be for a period of one year from the date on which it has been first appointed or till the date on which a regular committee is duly constituted in accordance with the provisions of the rules or bye-laws made under this Act, whichever is earlier; and all the members of maharashtra cooperative housing society act 1960 provisional committee shall vacate office on the date of expiry of such period or such constitution of the housjng.


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Your email address will not be published. Appointment of member of cooperaive, new committee, authorised officers, where there is failure to elect member, to constitute committee or where committee does not enter upon office, etc.

Guarantee by State Government. Additional Registrars and Joint Registrars at Headquarters. When elections to be held.

Recent changes in Maharashtra Co-Operative Society Act

Conditions for borrowing of Maharashtra State Cooperative Bank. Registration of mortgage lease maharashtra cooperative housing society act 1960. The Registrar eociety co-ordinate with the societies and the auditors or auditing firms and ensure the completion of audit of accounts of all the co-operative societies in time every year.

Restrictions on holding of shares. Registrar’s Power to remove member for failure to supply his coopfrative produce to processing society.

Election to more than one seat on the committee of society. Penalties prescribed for various offenses and consolidated penalty for all defaults to be Rs. Voting by postal ballot. Other forms of State aid to societies. Maharashtra cooperative housing society act 1960 prescribe the circumstances in which action may be taken by [an Agriculture and Rural Development Bank] against a mortgagor under section 2.

Procedure for submission and consideration of applications for loans from Cooperative Agriculture and Rural Multipurpose Development Bank.