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Cooperative Compliance
Cooperative compliance in the context of cooperative housing societies in Maharashtra, India refers to a voluntary and collaborative approach to ensure that the society complies with the rules, regulations, and laws governing cooperative housing societies. This approach encourages members of the society to work together to meet their legal and financial obligations, thereby ensuring smooth functioning and management of the society.
Cooperative Legal Guidance
Legal guidance for cooperative societies in Maharashtra is essential to ensure that they operate within the framework of the law and address any legal issues or concerns that may arise. Here are some key aspects of legal guidance for cooperative societies in Maharashtra
Cooperative Housing Society Services
Cooperative housing societies in Maharashtra, like in many other parts of India, provide various services and amenities to their members to ensure the smooth functioning of the society and the well-being of its residents. These services are typically outlined in the society's bylaws or rules and regulations. Here are some common cooperative housing society services in Maharashtra
Deemed Conveyance
Deemed Conveyance is an important concept in the context of cooperative housing societies in Maharashtra, India. It is a legal provision that allows the society to obtain ownership of the land and building from the builder or the original landowner when the builder or landowner fails to convey the property to the society as required by law. This is especially significant in situations where the builder or developer has not handed over the property documents (conveyance deed) to the society, leaving the society in a state of limbo without clear ownership rights.
Building Redevelopment
Redevelopment of a cooperative housing society in Maharashtra is a process wherein an existing old or dilapidated building is reconstructed or redeveloped to provide better housing facilities to the members. It is governed by various laws, rules, and regulations in Maharashtra, with the Maharashtra Cooperative Societies Act, 1960 playing a crucial role in this process
Property Tax
Property tax in a cooperative housing society in Maharashtra is a crucial aspect of financial management. Property tax is levied by the local municipal corporation or municipal council based on the property's annual rateable value and is an essential source of revenue for the local government. Cooperative housing societies in Maharashtra are subject to property tax, and it's important for society members and office bearers to understand how it works.