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Conditions for Admission of Membership Under the Maharashtra Co-operative Housing Societies Act


 

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 should include personal details, property ownership or tenancy proof, and any other required documentation. The application should also be accompanied by the prescribed application fee.

3.    Approval by Managing Committee: The managing committee reviews the application to ensure that it meets the eligibility criteria and is in accordance with the society's bylaws. They also verify the accuracy of the submitted documents.

4.    Intimation to Members: The managing committee informs existing members about the application for membership during a general body meeting. Members have the right to raise objections within a specified period if they have valid concerns about the applicant.

5.    Background Verification: The Act allows the managing committee to conduct background checks on the applicant, if necessary, to ensure their suitability for membership. This is especially important for maintaining the society's security and integrity.

6.    Admission Fees and Share Capital: The Act specifies that the admission fees and share capital to be paid by the new member should not exceed the limits prescribed by the Act or the society's bylaws. These financial contributions contribute to the society's financial stability.

7.    Agreement to Abide by Bylaws: The prospective member is required to sign an agreement to abide by the society's bylaws, rules, and regulations. This ensures that all members follow the cooperative principles and contribute to the society's harmonious functioning.

8.    No Objection from Existing Members: The Act empowers the managing committee to seek a no-objection certificate (NOC) from existing members before admitting a new member. This step ensures that existing members are comfortable with the new addition to the society.

Conclusion: The Maharashtra Co-operative Societies Act meticulously defines the conditions for admitting members to co-operative housing societies. These conditions not only maintain the co-operative spirit of the society but also provide a structured framework for admitting individuals, firms, and co-operative societies that align with the society's objectives. By adhering to these conditions, housing societies can ensure a fair, transparent, and harmonious admission process

ADV LEENA KAULGEKAR

 


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