The record
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- Maharashtra has amended the Maharashtra Co-operative Societies Rules, 1961, with changes effective June 18, affecting lakhs of apartment owners in Mumbai, the MMR and across the state.
- Key reforms include reducing the minimum members to form a society from ten to five, giving nominees of deceased members voting rights as provisional members, requiring newspaper notices to invite legal heirs' claims when no nomination exists, and making government-approved model bylaws automatically binding.
- Financial changes include uniform service charges for all members, non-occupancy charges capped at 10% of service charges, penal interest on delayed maintenance reduced from 21% to 12% per annum, and mandated minimum Sinking Fund and Repair and Maintenance Fund contributions.
- Societies can no longer collect unauthorised charges, parking allotments will be decided by the general body, general body meetings including for redevelopment may be held via video conferencing, and self-redevelopment societies may borrow up to 10 times the government-approved land value.
What to watch next
- How societies implement the uniform maintenance charge structure and whether billing disputes reduce
- Whether courts or registrars clarify how the automatically binding model bylaws are enforced
- Whether the new borrowing limits accelerate self-redevelopment projects across the state
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Named India · Mumbai · Mumbai Metropolitan Region · Bombay High Court · Cooperation department · Maharashtra government · MahaSEWA · Ramesh Prabhu
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