What are the rights of housing society?
Being a member you are free to inspect and also at free of cost the society’s books of accounts during the hours mentioned in the bye-laws. The rights of the members are to view the annual balance sheet, profit and loss account and all the books in which transactions of the societies are mentioned.
How do I adopt a new bye law?
The proposal, adopting the revised set of Bye-Laws, in place of the existing set of Bye-Laws of the Society, should be prepared as shown in the specimen annexed to this circular letter and submitted to the Registering Authority within two months from the date of the General Body Meeting at which the resolution of …
Can housing societies make their own rules?
If legal experts are to be believed, the housing societies can indeed frame their own laws. These rules and regulations govern the day-to-day functioning of the housing society and are crucial to its smooth running. “These guidelines are typically framed under the Co-operative Societies Act, which is a Central Act.
What are the bylaws of a society?
Bye-laws are the guidelines, which have provisions relating to the affairs of the society and its functioning. Bye-laws are required to ensure proper maintenance and resolve the residents’ issues in a timely and effective manner.
What are the rights of members in a cooperative society?
Every member of a co-operative Society shall exercise his vote in person and no member shall be permitted to vote by proxy: (b) In case of a primary society which is a member of another co-operative society may, subject to the rules, appoint one of its members to vote on its behalf in the affairs of other Society.
What are the rights of society members?
What are your rights as a housing society member?
- Right to receive a copy of model bye-laws.
- Right to nominate associate and nominal members.
- Right to occupation and possession.
- Right to inspect records.
- Right to attend the Annual General Meeting.
- Right to vote.
Can a housing society expel its member?
(2)No member shall be expelled under sub-section (1) without being given an opportunity of making his representation. (3)A copy of the resolution expelling a member shall be communicated to the member within a period of fifteen days from the date of passing of the resolution. shares held by the member.
What is the maximum number of members that can be in cooperative societies?
Co-operative society is a voluntary group of people formed in order to meet the common goal and hence the business is managed as well as services are used by same group of people. the minimum number of member is 10 for co-operative society while there is no limit on the maximum number of members.
What is the meaning of Bye Laws in Maharashtra Co-operative Societies Act?
(i) ‘Act’ means the Maharashtra Co-operative Societies Act 1960 (Amendment 2013 (ii) ‘Rules’ means the Maharashtra Co-operative Societies Rules, 1961. Bye-laws’ means by-laws consistent with Act and registered under this Act for the time being in force and includes registered amendments of such bye-laws.
What are the provisions of by-law 159?
160. Subject to the provisions of the bye-law No. 159(1)-(a),(b),(c),159(2)-(a),(b),(c),(d),(e),(f),(g), the Committee shall proceed to carry out the construction, repairs and maintenance of the property of the society and Redevelopment of the society buildings as per Govt.
What are the bye laws of the Society?
Bye Law No 167. Operation of Lifts, Solar Water Heaters etc. The Committee shall regulate the operation of the lifts, solar water heaters taking into consideration the convenience of the majority of the Members of the Society. Bye Law No 168. Restriction on Playing Games
What is Bye Bye law 169?
Bye Law No 169. Prohibition on letting out open/common spaces The Society shall not let out or give on leave and license basis or permit any subletting, any open space available under the Staircases, Terraces/Open ground/Lawns/Club house/ Common Hall etc. to any person whether the Member of the Society or not, for any purpose whatsoever.