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No GST on housing society maintenance up to Rs 5,000-08-09-2017

Monthly maintenance charges, which you pay to your co-operative housing society (CHS), will not attract Goods and Services Tax (GST), provided it is Rs 5,000 or less per month. This directive is part of a detailed explanatory note, issued recently in the form of FAQs by the Tax Research Unit, Ministry of Finance (MoF).

"However, even if you are paying more than Rs 5,000 per month as maintenance charges, if total collections of the CHS are less than Rs 20 lakh a year, the society will not have to register under GST. Consequently, it will not be liable to impose GST on taxable services — such as maintenance charges, parking charges, et al. Smaller societies with lower annual collection (revenue) are likely to be out of the GST ambit," says Yusuf Hakim, indirect tax partner at CNK & Associates.

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TDS on Rent above Rs.50,000:Govt Notifies New Rules and Forms-09-06-2017

 The Central Board of Direct Taxes (CBDT) today notified the amended rules in connection with the new provision mandating payment of TDS on rent above Rs. 50,000/=.

Finance Act, 2017 inserted a new provision, Section 194IB in the Income Tax Act as per which, Individuals and HUFs paying rent of Rs 50,000 or more per month must deduct 5% tax at source. The provision is applicable w.e.f 01.06.2017

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Mumbaiites, register your tenant with the police or spend six months in jail-12-06-2017

 Fearing that terrorists may seek refuge in Mumbai, police have issued a circular ordering all landlords and homeowners to submit the details of their tenants to the cops. If you do not comply, you may be arrested and jailed.

Police said they were acting on confidential reports stating that anti-social elements may be hiding in the city. Mumbai police spokesperson Rashmi Karandikar, acting in her capacity as the deputy commissioner of police (operations), issued the order under section 144 of the Criminal Procedural Code 1973, read with the commissioner of Mumbai police brihanmumbai’s order and the Maharashtra Police Act.

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Notices to 23,000 housing societies, which failed to segregate waste-03-06-2017

INITIATING punitive measures against those who have repeatedly failed to implement solid waste management norms, the Brihanmumbai Municipal Corporation has started issuing notices to housing societies that are not segregating their waste.

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Mumbai housing societies spared service tax-14-01-2015

MUMBAI: Housing societies do not have to pay service tax on maintenance charges collected from their members, a tax tribunal has ruled.This will reduce the maintenance outgo of residents of nearly a lakh housing societies in Mumbai and Thane, particularly the upscale ones where the charges can go over Rs 1 lakh every month.

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Separate regulator for housing societies soon-26-03-2017

MUMBAI: The state government have decided to form a separate authority only to regulate cooperative housing societies in Mumbai and suburbs.

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Dogs part of family, can use lift for free-30-11-2010

MUMBAI: The status of dogs in housing societies have been elevated. In a judgment that will set a precedent for housing societies on how to treat pets, the Central Mumbai Consumer Redressal Forum has rapped a Mahim society for charging one of its member Rs 500 for each of his two dogs using the elevator. Noting that pets are members of the modern, urban family, the forum ruled there is no reason why pets can't use elevators when outsiders, including service providers such as milkmen and vendors, have access to the facility without any charges.

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No property tax fine on 600 sq ft illegal flats-29-03-2017

The state government has decided to do away with the penalty imposed on property tax on unauthorized residential flats measuring 600 sqft or less. Earlier, the civic administration would collect twice the property tax from such flats.

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HC summons two Mumbai builders over Andheri highrise delay-01-04-2017

MUMBAI:The Bombay High Court on Friday summoned Pranay Jain and Lalit Jain, former directors of Kumar Builders, to appear on Tuesday in a plea filed by two flat-buyers for completion of a 32-storey tower as part of a redevelopment project in Lokhandwala, Andheri (W). Justice S J Kathawalla summoned them after Samit Raut and his wife alleged that despite issuing them an allotment letter in 2013 and promising possession in three years, construction had yet to begin and the building meant to be redeveloped remained standing.

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Moving into redeveloped flats? No need to pay stamp duty now-02-04-2017

MUMBAI: In a major relief for residents moving into their new flats after redevelopment, the department of registration and stamps has ruled that they need not pay stamp duty. The circular issued by Inspector General of Registration (IGR) and Controller of Stamps, N Ramaswamy, last week will help flat owners save over Rs 1 lakh.

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NO HIGH-RISES IN 80 PER CENT OF MARINE DRIVE HERITAGE AREA-02-04-2017

It’s a victory of sorts for conservationists in the long-drawn battle between heritage and development. The Mumbai Heritage Conservation Committee (MHCC) has suggested that nearly 80 per cent art-deco buildings in the Marine Drive heritage precinct cannot be allowed to rise up to 58 meters to generate funds for redevelopment and repairs.

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No flat owner can put personal things in common space-15-07-2016

 In a city where flat owners brazenly attempt to maximise every square inch of space available, a consumer forum has observed that no flat owner has the right to putflower pots or personal belongings in the common passage in front of the flat.

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Housing society converts 2K kg of waste into 650kg of manure-28-06-2016

 As the city’s dumping grounds continue to be overburdened with tonnes of garbage piling up everyday, a housing society in Vile Parle has been segregating and composting its own waste.

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Government to plant 2 crore trees on July 1-15-06-2016

 In Maharashtra, the green cover is only 20% against the required 33.5%. Out of a total of 307 lakh hectares, only 61.35 lakh hectares are under green cover.

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Govt announces 0.5 per cent Krishi Kalyan Cess to fund farm programmes-30-05-2016

The government on Monday announced a Krishi Kalyan Cess of 0.5 per cent on all taxable services effective from June 1 this year to fund farm initiatives. It also proposed cut in excise duty on irrigation pumps and soil nutrients besides slashing import duty on cold storage related equipments.

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Court can sign transfer deed, if builder doesn't-11-05-2016

 When a conveyance deed to transfer the land and building in favour of the co-operative society is not executed, it is possible to approach the consumer forum for a direction to the builder to execute it. 

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Developer can’t transfer building conveyance to another firm, society is real owner: HC-04-05-2016

Mumbai: Three decades after a building came up on a portion of a land in the city, the bid by its owner to convey the property to another firm for developing another part of the plot has come under the scanner of the Bombay high court.

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Registrar of Cooperative Societies has no jurisdiction to decide on tenability of suit against societies.-28-04-2016

It is not the business of the Registrar to consider the merits and in particular the tenability of a pending suit and hold it to be untenable and thereupon refuse leave to continue the suit. The Civil Court is perfectly competent to decide whether the suit before it is tenable or not, the Bench said. 

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Builder told to pay Rs 20k/month penalty for delay in project-28-04-2016

Lucknow:The National Consumer Disputes Redressal Commission has ordered Parsvnath Developers to pay a monthly penalty to buyers for delay in handing over flats in Parsvnath Planet, a residential project in the city's Gomtinagar locality.

 

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Court can sign transfer deed, if builder doesn't-25-04-2016

When a conveyance deed to transfer the land and building in favour of the co-operative society is not executed, it is possible to approach the consumer forum for a direction to the builder to execute it.

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SC: If there's a nominee, others' rights subservient-21-04-2016

 The Supreme Court has ruled that a man is legally entitled to nominate his married daughter to own his cooperative society flat after his death, depriving his wife and only son.

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Socities urged to help increase green cover in city-20-04-2016

 As Mumbai continues to get lost under a stifling shroud of pollution and crowd, the state authorities have instructed cooperative societies in the state, including in the metropolis, to plant trees and saplings as part of the Vanmahotsava celebration on July 1. 

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Developer can't claim extra FSI for building plan rejig-

 Builders generally tend to keep revising plans so that they can get the benefit of the additional FSI which may become available due to change in government policies and development control regulations. 

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Charges for Co-operative Education Training-

As per MCS Act 24(a) each co-operative society has to give Co-operative education to its members from State level or District level co-operative education institute.
As per rule 20B & 30A training period for Managing Committee  is minimum 1 days and maximum 3 days in 5 year.For other members of society training should be completed in 5 years . Training period  is minimum 1 days and maximum 3 days.

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How to define Active Members.-

 Following are the criteria for the Active Members.
1. One who has purchased and owns a Flat / Unit in the society.
2. One who attends at least one General Body Meeting of the Society in the previous Five consecutive years.
3. Who has paid the Society Maintenance Service and other charges at least once in previous consecutive Five years. 

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5 guidelines if you are planning to redevelop the housing society-

In most metros such as Mumbai, redevelopment of old residential buildings is a normal and desirable occurrence. Without redevelopment, there would be no new supply in the fully developed city centres. Also, redevelopment is necessary because every building has an inbuilt shelf-life, after which it becomes unsafe, unattractive to the market and difficult to maintain.

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No Stamp Duty Required for transfer of Property’ to relatives-23-03-2016

Hon’ble Revenu Minister Eknath Khadase announced in Assembly on 25-03–2015 that Govt. waives stamp duty on transfer of land or flat immovable property to Kin or family members. He announced that now immovable property such as land, house or flat can be transferred to Owner’s Children or even to blood relatives simply by executing transfer deed on Rs. 500/- stamp paper without paying stamp duty and registration fee. This announcement will give good relief to the families of transferors as they will not require to pay 5% stamp duty at market value as per ready Reckoner. Minister further clarified that in such an event it will be sufficient if transfer document is executed on Rs.. 500/- stamp-paper.

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New property tax rules for mumbai gets BMC nod-

Mar 20 2015,MUMBAI: The municipal corporation has revised the base for calculating property tax to carpet area from the current built-up space system.

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BMC estimates 15% gain in property tax revenues with new rules-

The Brihanmumbai Municipal Corporation (BMC) is expecting a 15 per cent gain in property tax collection across the city, with its revised set of rules for property tax collection for 2015-2020. 

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Property tax: Sena flashes ‘Marathi manoos’ card again-

 March 21, 2015 :Playing its ‘Marathi manoos’ card once again, the Shiv Sena, which rules the Brihanmumbai Municipal Corporation (BMC), has decided to further extend the exemption granted to tenants in houses smaller than 500 sq ft from paying property taxes based on the capital value of their flats.

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Mumbai: BMC goes easy on redeveloping own buildings -

 26Nov2014,MUMBAI:Whenever the Brihanmumbai Municipal Corporation (BMC) plans to demolish a building found to be dangerous, usually there is strong opposition from the residents, leading to a delay. 

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Housing societies wracked by graft, mismanagement-

Nov 23 2014,MUMBAI: Around 90% of nearly 70,000 housing societies in the Mumbai metro region have not submitted annual returns, cooperatives officials said. 

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40% housing societies in Mumbai region did not hold polls for 3 years-

Nov 20 2014, Mumbai:Members in big housing societies or townships, which have more than 200 members, will have to cast vote through secret ballot to elect their new management committees.

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Are you paying a higher maintenance bill for housing society?-

Ashwini Rao, 31, had been paying a fixed amount every month to her cooperative housing society in Mumbai as maintenance charges. However, two years ago, when the managing committee asked her to cough up an additional Rs 1,000 for keeping a pet, she was taken by surprise.

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Housing society elections: Know your rights to challenge the position held by members-

Under the Cooperative Societies Act, a proper procedure has been laid down for conducting elections to appoint a managing committee. Ideally, one must start the election process about two months before the end of the existing managing committee's term. The latter needs to put forward a notice of its expiry and invite members to contest the next election.

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Housing societies slam doors on singles ‘ready to mingle’ -

 October 23, 2014:The latest in a set of unwritten “rules” followed by housing societies while letting out flats to people in the city is  “no singles allowed” 

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Property tax payment simplified, BMC starts issuing bills to citizens-

 Saturday, 16 August 2014,Often at the receiving end of a great deal of criticism, the civic body has won high praise for simplifying property tax payments.

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State ‘lease’ of life to co-op housing societies -

August 13, 2014 Mumbai : Thousands of co-operative housing societies (CHSs) on the land leased out by CIDCO will now get the benefit of deemed conveyance norms. Chief Minister Prithviraj Chavan has given orders to CIDCO in this regard.


 

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Builder to pay Rs 2 lakh for not registering Mumbai housing society-

 Jun 12, 2014, MUMBAI: Holding a builder's firm guilty of deficiency in service for not forming and registering a cooperative housing society 25 years after the first residents moved in, the Mumbai Suburban District Consumer Disputes Resdressal Forum has ordered it to pay Rs 2.10 lakh compensation.

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Won't demolish unauthorised floors in Manav Kalyan Cooperative Housing Society: MCGM to HC-

7June,2014,Mumbai: The Bombay High Court has accepted an undertaking given by Municipal Corporation of GreaterMumbai ( MCGM) that at least for.

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Members of Prabhat society have decided to come together on the day of elections to ensure that everyone goes out to vote-

April 24,2014,The residents of Prabhat society at Mazgaon have come up with a unique way to spend the day of election. For the entire day of Thursday, they have planned food, entertainment and contests for society members who will cast their votes in the Lok Sabha elections.

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Owners can pay property tax under old regime: Bombay high court-

 Dec 31,2013,Mumbai: Providing relief to property tax payers, the Bombay high court, in an interim order, has directed some property owners to go by the old regime and to pay 25% of the differential amount. 

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Ire and fire at top SoBo society over parking ‘ghotala’-

  Mar 26, 2014,It's here that Nina and biscuit baron Rajan Pillai threw their famed soirees, as does actress Nandita Das these days.

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Is your housing society holding elections?-

Feb 10 2014,  Girish Shah has been the general secretary of a housing society in Mumbai's western suburbs for the past eight years.

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Supreme Court clarification on VAT paid by Builders & Developers-

February 21, 2014, The Supreme Court clarified that the activity of construction undertaken by the builder would be works contract only from the stage the developer enters into a contract with the flat purchaser.

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Levy of Service Tax-

If per month per member contribution of any or some members of a RWA exceeds five thousand rupees, the entire contribution of such members whose per month contribution exceeds five thousand rupees would be ineligible for the exemption under the said notification. Service tax would then be leviable on the aggregate amount of monthly contribution of such members.

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May19,2013:Know your rights before opting for redevelopment-

If you reside in an old building, located in a prime area, it is likely builders have come up with a flood of offers to redevelop your society.A society needs to have a society registration certificate, an original building plan, a sale deed, a copy of resolution, an agreement and a title certificate. The society would also need a property card and an NA (non-agricultural) order.

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Maharashtra cooperatives election authority set up-

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Maharashtra supervision for society elections-

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Maharashtra may pass anti-superstition Bill in winter session-

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Now, calculate your property tax online-

The Brihanmumbai Municipal Corporation (BMC) has introduced an online calculator to compute property taxes.The system, uploaded by the BMC recently, will help citizens compute property taxes using the right formula and ready-reckoner rates.

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Sinking Fund properties-

Every Co-operative society, in particular a housing Society, should invariably create sinking fund by setting a part of the income on monthly basis. This is necessary for incurring expenditure required for undertaking major repair or reconstruction of the ageing building. Unfortunately, majority of the Co-operative Housing Societies make nominal provision or no provision at all for sinking fund. And when major repair is necessary for the building, flat owners are called upon to contribute required amount for undertaking repairs. This creates difficulties. Hence every Housing Society should make provision for sinking fund is monthly bills

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August 29 2013,Inadequate water supply?You can ask for bigger pipeline-

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Saturday 21September 2013,Dharavi redevlopment to add 15,000 new homes-

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September 14 2013,Ensure Accuracy in the amount-

 Adjudication of stamp duty enables you tu figure out the right sum

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Sat 14 Sep 2013, Give flat to buyer or cough up mkt value: Panel orders builder-

 Complainant will get Rs 60 lakh for the apartment he bought in 2008 for Rs 19 lakh, in addition to Rs 330,000 as compensation.

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Thursday September 5 2013,Housing societies enthusiastic for the upcoming Ganeshotsav-

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Aug 23 2013,Mumbai builder cooks up fake railway station, bridge to sell property-

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2Aug,2013 Carpet area cheating costs builder Rs 1.6L-

 Consumer court pulls up developer for failing to keep promise.

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July 31st 2013,20 years on, builder pays couple Rs 25L in exchange for 2 flats-

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Monday July 29,2013 SoBo on a high with hiked FSI-

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Friday July 26 2013 Soon, you can get cheap veggies in your housing society-

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July 25,2013 Record Deal Shakes Bandra Realty-

 Emotion comes at a premium even in the city’s ruthless realty market.Check this out.

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July 5 2013,Now, pay 1 percent TDS on buying property-

Houses and other immovable assets worth over Rs 50 lakh in Mumbai metropolitan region will attract the new tax regime introduced for realty transactions from Jun 1..

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Framework of Coooperative Housing Society-

Housing Societies are covered by the following regulatory provisions:

1.  Maharashtra Co-operative Societies Act, 1960 ( MCSA)

2.  Maharashtra Co-operative Societies Rules, 1961(MCSR)

3.  Bye-laws governing the day- to-day functioning of the society as approved by the registrar at the time of registration of the society or amended thereafter. (Bye-laws)




 

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June 22,2013:Mumbra building collapse: Anti-demolition netas now evade responsibility-

In the wake of the Lucky Compound building collapse and subsequent civic action, arch political rivals Jitendra Awhad (NCP) and Eknath Shinde (Shiv Sena) had shared a dais in April with a common.

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June 3,2013:Relax, green hurdles for high-rises likely to go-

Now, several high-rise projects in the city may get a new lease of life. Chief minister Prithviraj Chavan’s attempt last week, to convince the planning commission of India to relax the stringent norms set.

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June 22,2013:Frame policy to raze illegal bldgs: High court-

 Seeing little or no action taken by the authorities concerned in demolishing unauthorised structures in the city and its neighbouring districts, the Bombay high court has directed the chief.

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Real estate bill makes buyer the king-

 Jun 8, 2013 With the Union Cabinet approving the Real Estate (Regulation and Development) Bill, the country's highly unregulated and unorganized real estate sector moves a step closer towards greater transparency and compliance.

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Society non-occupancy charges-

In terms of the government circular dated August 1, 2001, non-occupancy charges should not be charged more than 10% of the service charges excluding municipal taxes.If a member gives his flat to his near relative such as mother, father, sister, brother, son, daughter, son-in-law, daughter-in-law, sister-in-law, sadu, grand son, grand daughter or to a relative approved by the society, non-occupancy charges are not to be levied.

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Recording of Minutes of Society Meetings-

 

 

 

 

 

As per the Maharashtra Co-operative Societies Act 1960 and Bye-laws all proceedings of meetings of Housing Society needs to be recorded in the Minute Book as a statutory requirement. Minutes contain inter alia a description of the type of meeting to which they relate, its date, time and venue, and it also records attendance of members in the meeting, confirmation of minutes of previous meeting, decisions taken process at the meeting, discussions held, voting on resolutions, etc. 

 

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VIP societies in Worli owe Brihanmumbai Municipal Corporation over Rs 18cr tax-

The VIP-occupied Shubhada and Sukhada co-operative housing societies in Worli owe the Brihanmumbai Municipal Corporation (BMC) over Rs 18 crore as outstanding dues for property tax.

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No relief for south Mumbai housing society members in fire safety case-

 Office-bearers of Jolly Maker-I cooperative housing society in Cuffe Parade suffered a setback on Monday when the Bombay high court turned down their plea to quash a criminal case filed against them by the civic body for lapses in fire safety norms.

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Amendment to Maharashtra Co-operative Societies Act approved-

The Maharashtra cabinet has approved amending the Maharashtra Co-operative Societies Act, 1960, state minister for co-operation Harshvardhan Patil said in Mumbai on Thursday.

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Citizens ask for separate legislation for cooperative societies-

Mumbaikars have asked for a separate legislation for co-operative housing societies to spare them from new provisions of Ordinance which has been framed to suit the agriculture, sugar, dairy and credit societies in the state.

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