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  • Under the amended provisions a Hindu Undivided Family (HUF), an Association of a person (AOP), Body of Individual (BOI), Family Trust and any other legal body which can hold immovable property.
  • Provisional member means a nominee temporarily admitted, on the basis of nomination filed by a member after death of such member, till the time the legal heir/s will be admitted.
  • Joint member must have share, right, title and interest in the flat jointly but whose name does not stand first in the share certificate.
  • Now the Associate Members can only be form the family members and the name of the Associate Member cannot be endorsed on the Share Certificate
  • Maharashtra Co-operative Societies Act, 1960 has been amended effect from 9th March 2019 under which a Special Chapter XIII-B has been added to the Act exclusively applicable to Co-operative Housing Societies.

Latest Articles

Filing of Returns and Reports by Co-operative Societies under GST Laws

Input Tax Credit available to Co-operative Societies

Reverse Charge Mechanism under GST Regime applicable to Co-operative Societies

Maintenance Charges levied by Co-operative Societies and the GST thereon

Liability of Co-operative Societies under GST Laws

Applicability of GST laws to Co-operative Societies

Nominal Member in Co-operative Housing Society

Associate membership in a Co-operative Housing and Premises Society

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