State government approves amendment in Co-op Law

Panduranga Mhaske
Wednesday, 1 August 2018

Free to hold polls

Housing societies that have fewer than 200 members can hold their elections in the annual general meeting every five years. Currently, the societies have to request State Cooperative Election Authority to conduct their elections.

Mumbai: The co-operative societies, including housing societies having less than 200 members, will get a freedom from the State Cooperative Election Authority. The State cabinet approved a proposal to amend the Co-operative Law, 1960. 

Housing societies that have fewer than 200 members can hold their elections in the annual general meeting every five years. Currently, the societies have to request State Cooperative Election Authority (MSCEA), to conduct their elections, making the procedure tedious and expensive.

After the amendment in the Co-operative Law, the provision of the elections of cooperative housing societies will be easier.  The cabinet approved to incorporate a separate chapter as section 154(b) in Maharashtra Cooperative Societies Act (MCSA), 1960 to govern housing societies independently, separating them from profit making cooperative societies such as sugarcane factories, credit societies and banks.

There are about 2 lakh cooperative societies across the state. Out of which, 1 lakh are cooperative housing societies and 80,000 have fewer than 200 members.

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