FROM THE DESK OF ADV LEENA KAULGEKAR

  The duties of a managing committee in a cooperative society can encompass a wide range of responsibilities aimed at overseeing the efficient functioning, maintenance, and governance of the society. The specific duties may vary depending on the society's bylaws, the scope of its operations, and the needs of its members. Here are some common duties of a managing committee: 1.     Financial Management: ·        Preparing and presenting annual budgets. ·        Collecting maintenance charges and other dues from residents. ·        Ensuring proper accounting and financial record-keeping. ·        Managing funds for the maintenance and development of the society. 2.     Maintenance and Infrastructure: ·        Overseeing the maintenance of common areas, buildings, and facilities ...

    Introduction: De-registration, also known as dissolution or winding up, refers to the process of formally terminating the existence of a co-operative society. This procedure is undertaken when the society is no longer able to function, fulfill its objectives, or comply with legal requirements. In this blog post, we will delve into the process, reasons, and implications of de-registering a co-operative society. 1.     Understanding De-registration: De-registration involves the legal dissolution of a co-operative society. This process terminates the society's legal identity, operations, and functions. De-registration is a significant step that requires adherence to legal procedures and formalities. 2.     Reasons for De-registration: Co-operative societies may opt for de-registration due to a variety of reasons, including financial insolvency, inability to meet objectives, diminished membership, or regulatory non-compliance. The deci...

  In the context of cooperative societies, a defaulter typically refers to a member who has not fulfilled their financial obligations or other responsibilities as outlined in the society's bylaws or regulations. The specific criteria for designating someone as a defaulter can vary based on the society's rules and the nature of the default. Common types of defaults in cooperative societies include non-payment of dues, charges, or contributions, failure to comply with rules, and breach of contractual agreements. Here are a few scenarios where someone might be considered a defaulter under the Cooperative Societies Act: 1.     Non-Payment of Dues: If a member fails to pay their dues, maintenance charges, or assessments required by the society within the stipulated time frame, they can be considered a defaulter. 2.     Failure to Contribute: In certain cooperative societies, members are required to contribute financially to specific projects or in...

  Introduction: The Maharashtra Co-operative Societies Act, 1960, lays down specific conditions for the admission of members to co-operative housing societies in the state. These conditions are crucial to maintaining the integrity and cooperative nature of these societies. In this blog post, we will delve into the specific conditions outlined by the act for the admission of membership in Maharashtra co-operative housing societies. 1.     Eligibility Criteria and Purpose: The Act defines that individuals, firms, or other co-operative societies may become members of a housing society. To be eligible, an individual must be an owner or a tenant of a property within the society's premises. Firms and co-operative societies can also apply if their purpose aligns with the society's objectives. 2.     Application Process and Documentation: Prospective members must submit a written application to the society's managing committee. This application sho...

    Introduction: Common terrace leakages are a persistent concern in co-operative societies that can lead to property damage, inconvenience, and increased maintenance costs. Addressing and preventing terrace leakages requires a combination of proactive measures, timely repairs, and ongoing maintenance. In this blog post, we will explore the common causes of terrace leakages, strategies to prevent them, and steps to take if leakages occur. 1.     Understanding Common Terrace Leakages: Common terrace leakages refer to water seepage or leakage issues that occur in shared terraces or roofs of buildings within co-operative societies. 2.     Causes of Terrace Leakages: Several factors contribute to terrace leakages: ·        Poor Waterproofing: Inadequate or deteriorated waterproofing materials and techniques can result in water infiltration. ·        Drainage Issues: Imp...