Tuesday, 5 May 2015

Casual vacancies in Managing Committee how to be filled in.

As per Maharashtra Co-operative Societies (Election to Committee) Rules, 2014.
Rule No. 74. Casual vacancies how to be filled in. — In the event of vacancy occurring on account of death, resignation, disqualification or removal of the member of a society or through such a member becoming incapable of acting prior to the expiry of his term of office or otherwise, the Chief Executive officer of the Society shall forthwith communicate the occurrence of such vacancies to the SCEA and the vacancy shall be filled as soon as conveniently, according to the provisions of the Act. The person so elected or co-opted or, as the case may be, nominated shall hold office so long only as the member of the committee in whose place he is elected, is co-opted or, as the case may be, nominated would have held it, if the vacancy had not occurred

Wednesday, 29 April 2015

Maharashtra Stamp Act Amendment bill 20/2015 comes into force from 24-04-2015.

Maharashtra Stamp Act Amendment bill 20/2015 comes into force from 24-04-2015.


Rs.200  stamp duty required for registration of Gift Deed between blood relatives for without consideration of money

Per Day Penalty is now Rs. 400/- per day. 

Govt. officer can now enter in your premises and ask for document / search for document for recovery of stamp Duty.  

















Thursday, 26 March 2015

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.

Now for point no. 1:-  The society have agreement copy and then it can be examined name of member easily.

But for point no. 2 & 3 following is the necessary steps having to taken by society.

For point no. 2 :- In General Body Meeting i.e. in GB / AGM before  any other matter to be brought to the meeting with the permission of chair & vote of thanks from chair. Secretary of the society has to write name of the Present members & Absent members and has to read out at the meeting.

For Point no. 3 :- Secretary of the society has to give a list of defaulters i.e. members having outstanding amount as on 31st  March of the last financial year, which is sign by Auditor and C/S/T of the society along with audit report and Notice of AGM to each members and Secretary has to take Sign from each members that they received this.    








Saturday, 28 February 2015

Revised rates of Audit Fee for Co-operative Housing Societies

After 97th amendment in constitution of India the concerned provisions of the MCS ACT 1960 are revised  w.e.f. 14/02/2013. On the basis of these amendments Govt. of Maharashtra issued a circular dated 29/10/2014 on the issue of auditing in Co-Operative Housing Societies with following details.

The  auditing fee will be area wise as under :-

Sr. No.                AREA                                                  Audit Fee per members of the society
1.                 Capital City (Mumbai)                                Rs. 100/-
2.                 Mahanagar Palika area &                            Rs. 75/-
                    Cantonment area
3.                 Nagar Parishad area at                                 Rs. 50/-
                    Taluka level
4.                 Co-Op Society in Rural area                        Rs. 40/-
5.                 Co-Op Society in Liquidation                      Rs. 2,000/-  MAXIMUM Amount for
                                                                                          entire society audit


This rates will be for one year and also apply for re-auditing

As per provision made in the Sec 81(I)(b)(a) Co-operative Housing Societies are included in the said provision and hence, they have also to get their working audited by the certified auditor/ auditing firms from Panel of auditor. This panel auditor shall be revised after every 3 year

Co-Op societies are allowed to select their auditor as per Rule 69. The auditor shall not audit more than 20 co-operative societies having paid up share capital in excess of Rs. 1.00lakh

Above fees shall be excluding travelling expenses  and incidental changes of auditors subject to actual expenses or 5 % of audit fee whichever is less

Auditor for next year shall be selected in the AGM every year with his fee and informed to registering authority.

The society shall display on its notice board name, address and telephone number of Auditor with a copy to the registering authority