Circular - Power to determine maximum rate of the premium. Dated 9th August, 2009

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Circular - Power to determine maximum rate of the premium. Dated 9th August, 2009

Government of Maharashtra 
No. SAGRUYO-2001/PRA.KRA.188/14-SA
Co-operation and Textile Department.
Mantralaya, Mumbai-32
Dt. 9th August, 2009.
Reg –
Circular of Commissioner, Co-operation and Registrar,
Co-operative Societies, Maharashtra State, Pune
No. Housing/Gala/Tabil/Fee 89.
Date : 27-11-1989.

Whereas the Commissioner, Co-operation and Registrar, Co-operative Societies, Maharashtra State, Pune has approved the model bye laws prepared for co-operative housing societies dt.2-4-2001 and power to determine maximum rate of the premium to be charged while transferring flat/gala in the co-operative housing societies are given to the Co-operation and Textile department of the state government as mentioned under bye-law No. 38 (E) 9 of the model bye- laws, And
Whereas the Commissioner, Co-operation and Registrar, Co-operative Societies, Maharashtra State, Pune has fixed the rate of premium vide their circular No. Housing/Gala Transfer/fee 89/dt. 27-11-1189 and since it is necessary that the state government should have issued orders in that regard by repealing the said circular in present situation, the government has decided to issue proper orders regarding charging premium while transferring flat/gala in the co-operative housing societies, therefore,
By exercising the powers conferred to the state Government under Section 79 A of the Maharashtra Co-operative Societies Act 1960, the government is pleased to issue following order for the larger public interest in the state.
  1. The circular no Housing/gala transfer/fee 89 dt. 27-11-1989 of Commissioner, Co-operation and Registrar, Co-operative Societies, Maharashtra State is hereby repealed.
  2. The rate of the premium to be charged while transferring flat/gala of the member in the Co-operative housing societies and his share in capital/property of the society should be determined by the general body meeting of the society. However, the premium rate determined by the general body of the society should not be more than maximum rate shown below in area. should not be more than maximum rate.
AreasRate of the premium
Municipal Corporation and Development AuthoritiesRs. 25,000/-
‘A’ Class MunicipalitiesRs. 20,000/-
‘B’ grade MunicipalitiesRs. 15,000/-
‘C’ grade MunicipalitiesRs. 10,000/-
Gram Panchayat (Rural Sector)Rs. 5,000/-
The said Order came into force immediately.
By order and in the name of the Governor of Maharashtra.

sd/-
(Vasant Poreddiver)
Dy . Secretary, Govt. of Maharashtra
Co-operation & Textile.

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