The Maharashtra government has enacted new amendments in the Maharashtra Cooperative Societies Act 1960 regarding the nomination of members. Suhas Patwardhan, President, Pune Cooperative Housing shared that according to the new rules, the nomination rights can only be received by a member if they display the will or rights. The management committee has been allowed to admit one person nominated by the deceased member. The chosen member will be on a provisional basis until the legal documents of succession are submitted. However, The members of the Housing Society Federation have not supported the move.
In another provision, the society's managing committee is liable for a penalty of Rs 25,000 if the committee fails to deliver the audited accounts and other mandatory documents to the State cooperative department within the stipulated time. A failure to submit self-declaration documents of the members will also be considered an offence and will invite a fine of Rs 25,000.
As per the new ordinance, elections for the housing societies having less than 200 members will be conducted internally every five years. The Government is expected to table a bill in the same regard soon. The government has proposed an amendment to section 73(c)(b) to simplify the process.
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