Cooperative Housing Societies (CHS) in Maharashtra are subject to various compliance requirements outlined in the Maharashtra Cooperative Societies Act, 1960, and other relevant laws and regulations. so, it's advisable to consult with our legal professional for the most accurate and up-to-date information.

Here are some key compliance areas for Cooperative Housing Societies in Maharashtra:

1. Registration and Bylaws:
   • Societies must be registered under the Maharashtra Cooperative Societies Act, 1960.
   • The society should have its own set of bylaws that comply with the model bylaws provided in the Act.
2. Election of Managing Committee:
   • The election of the managing committee should be conducted as per the provisions of the Act and the society's bylaws.
3. Annual General Meeting (AGM):
   • Societies are required to convene an AGM within six months from the end of the financial year.
   • During the AGM, financial statements, audit reports, and other important matters are discussed and approved.
4. Accounts and Audit:
   • Maintenance of proper accounts and books of the society.
   • Conducting an annual audit by a qualified auditor as per the Act.
5. Maintenance of Records:
   • Maintaining essential records such as membership records, resolutions passed in meetings, and financial records.
6. Filing of Returns:
   • Filing annual returns with the Registrar of Cooperative Societies within six months from the end of the financial year
7. Property Tax Payments:
   • Ensuring timely payment of property taxes to the municipal corporation or local authorities.
8. Cooperative Housing Society Bank Account:
   • Maintaining a cooperative housing society bank account in the name of the society.
9. Compliance with Development Control Rules (DCR):
   • Adhering to the Development Control Rules and regulations applicable to redevelopment or construction activities.
10. Legal Compliance for Redevelopment:
    • If involved in redevelopment, compliance with rules related to the appointment of a developer, consent of members, and approvals from municipal authorities.
11. Cooperation with Statutory Auditors:
    • Cooperating with the statutory auditors during the audit process and providing necessary documents and information.
12. Deemed Conveyance:
    • If applicable, ensuring compliance with the procedures for obtaining deemed conveyance as per the Maharashtra Ownership Flats (Regulation of the Promotion of Construction, Sale, Management, and Transfer) Act, 1963
13. Compliance with Cooperative Courts:
    • Adhering to orders of Cooperative Courts in case of disputes or legal matters
14. Renewal of Registration:
    • Ensuring the timely renewal of the society's registration.

It's crucial for Cooperative Housing Societies to stay updated on any changes in laws and regulations, and seek professional advice, such as from legal and financial experts, to ensure compliance. Failure to comply with these requirements may result in penalties or legal consequences.