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Small Co-Op Housing Societies In Maharashtra To Conduct Poll On Their Own

Small Co-Op Housing Societies In Maharashtra To Conduct Poll On Their Own

Small Co-Op Housing Societies In Maharashtra To Conduct Poll On Their Own
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About 20,000 co-operative housing societies in Mumbai that have less than 200 members would soon be able to conduct elections on their own, with the Maharashtra state government recently making changes in the law in this regard.

Conducting polls is not quite convenient for such housing societies as they have to seek a permission from the Maharashtra State Cooperative Election Authority to do that. The sheer tediousness and red-tapism involved in the process discouraged such co-ops to conduct polls that typically take place every five years.

The Maharashtra government, led by Chief Minister Devendra Fadnavis, would soon incorporate a separate chapter as section 154(b) in the Maharashtra Cooperative Societies Act (MCSA), 1960. This chapter would deal with housing societies independently, separating them from profit-making cooperative societies. This section would now redefine the way businesses take place in housing societies.

Half of the total two lakh housing societies in Maharashtra would benefit from the government move.

Also read: Should You Choose Co-Op Living?

Last Updated: Tue Jul 17 2018

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@@Fri Jul 05 2019 13:15:19