Housing Society Rules: Is the Managing Committee Really the Supreme Authority? Know the Rights of the Chairman and Members
Housing Society Rules and Rights: In Maharashtra, cooperative housing societies play a major role in the everyday lives of millions of residents. Yet, despite their importance, many members are still unclear about how a housing society should actually function. One common misconception is that the chairman, secretary, treasurer or managing committee members are the “supreme authority” of the society and can take any decision they consider appropriate. That is not how the cooperative system is structured. The Maharashtra Co-operative Societies Act, 1960 provides an important distinction between the general body of members and the managing committee . Section 72 states that, subject to the Act and rules, the final authority of a cooperative society rests with its general body. At the same time, Section 73 provides that management of the society vests in the committee, which must exercise its powers according to the Act, rules and the society’s bye-laws. So, what exactly are the powers ...