Changes incorporated in the new bye-laws for co-operative housing societies
Changes incorporated in the new bye-laws for co-operative housing societies · New model bye-laws 2009 for co-operative societies have some changes incorporated as compared with the bye-laws of 2001. These bye-laws have been printed in English by the Mumbai District Co-operative Housing Federation Ltd. after approval of the Commissioner for Cooperation and Registrar Cooperative Societies, Maharashtra State, Pune given vide letter dated 24.12.2010. Some of the changes made are given below. Under the new bye-laws sinking fund of the society can be used by the society for reconstruction of its building or for carrying out such structural additions or alteration to the building as in the opinion of the society’s architect would be necessary to strengthen it or for carrying out such heavy repairs as may be certified by the architect. This needs to be approved by the general body only as against prior permission of the registering authority which was also required under the earlier by...