Also, there is an extension in the deadline for the managing committee to transact budget and appoint an auditor for the next fiscal year, while taking a decision on the budgeted balance left in the audited accounts.
Housing societies in Maharashtra can now hold their AGM till March 2022. This move will give relief to more than 65,000 housing societies in the Mumbai Metropolitan Region (MMR). With the Maharashtra Co-operative Housing Societies Act (Amended) having been introduced on March 9, 2019, its rules for implementation should have been introduced within six months to a year failure of which has affected the functioning of housing cooperatives.Īll the co-operative society’s audit dates are extended till Octoand the AGM dates are extended till Decemas per state government order dated September 29,2022.
Maharashtra Co-operative Housing Societies (MCHS) rules will be released by end of March 2023, cites a Mid-day report. What is the notice period for holding AGM of cooperative housing society?.Can a non-active member vote or contest society elections?.What happens if a member does not attend the AGM.Interest from co-operative bank exempt for housing societies in Mumbai: ITAT.Time limit for holding the AGM and minimum notice period.
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