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Co-operative Housing Societies has the New Model Bye Laws

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The co-operative housing society’s authorities have approved for the new Model Bye Laws and this law is accepted by all co-operative housing societies. To make changes in the bye laws it can be done by passing them to the 2/3rd majorities of the members and the copies of the bye laws can be taken from Federation and it should be given to the members at the cost price. This includes that the taxes of society can be recovered from legal heir of departed member of the occupant in the flat in favor of 3rd party. There will be nothing new to the section that patio of the society building should access all the members. The fee can be paid for society work which should not go beyond 15% or Rs. 2000 to each officer. The agreement of Rs. 100,000 can be firmed by board of the society and increase by 10% in the agreement allotted to the tender.
It has made clear in matter of no confidence motion and cannot be moved within 6 months from the date and stirring it against the same office owner if the earlier no assurance motion is discarded. The utmost fine can be charged and not more than Rs. 1000, if the share capital of the society goes more than Rs. 10,000 then voting at society election has to be done by clandestine vote. The important thing is that the societies managing committee members has to give the considerate to registrar stating that they will be in charge for all the society finance and working within 15 days of election. Four years back it was decided to crumb this rule but it was not done.
Source: NIMMA BENGALURU

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