The third is a meeting of only the managing committee members. Right to minutes of meeting: A co-operative can hold two types of meetings for the general body – annual general meeting (AGM) and special general body meeting.
If your spouse, for example, owns another house in the building, she will also get one vote. Right to vote: Each unit of a housing society is allowed one vote in an election. In Maharashtra, an application by a single member alleging mismanagement of funds is enough to begin an enquiry under section 91 of the relevant act. You may also get a copy of these on payment of a fee (to be decided by the society), if you wish to have them examined by an external auditor. You may request the last audited annual balance sheet, or the profit and loss account, and those portions of the books and records in which his transactions with the society have been recorded. Right to inspect the books: As a member, you’re free to inspect, free of cost, the society’s books of accounts during the society’s office hours. So there’s no compulsion for any Mumbai society to adopt the new byelaws. However, law relating to housing societies is flexible. In most cases, though, societies use the model byelaws that are provided, coupled with the provisions relating to housing societies in the rules and act.Īt times, states also release amendments to the model byelaws. In Delhi, for example, it is Delhi Co-operative Societies Act, 2003 and Delhi Co-operative Societies Rules, 2007.Ī society may frame its own bylaws, so long it doesn’t contradict the act, with the approval of the concerned authority (Registrar, Co-operative Societies in Delhi). These rules, or bylaws as they are more often called, must conform with the co-operative act or rules in force in that region. The actions of all co-operative society members, insofar as they affect other members or the building itself, are governed by a set of rules. The purpose of this report is to inform you about your rights as a member of a co-operative, about the procedures to be followed by the managing committee, and about whom to complain if they don’t follow them. It is, however, the committee that determines how much maintenance fees you must pay per month, gives a no-objection certificate (NOC) if your flat is to be rented out, and determines what fee should be paid for transferring interest. Committee members may be inept, uninvolved or, worst of all, fraudsters.
Managing committee positions are also honorary, so those who hold them are not even compensated.
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