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Discussion > Property Law > Maharashtra Co-operative societies act   Unanswered Threads Post New Topic

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There are 8 Replies to this message


Shreya Shah


Company Secretary
[ Scorecard : 225]
Posted On 07 May 2009 at 10:31 Report Abuse

Dear All,

Please can anybody provide the amended soft copy of the Maharashtra Co-operative Housing Societies Act, 1960 and Maharashtra Co-operative Housing Societies Rules, 1961. If soft copy is not available, please can sombody provide provisions relating to the appointment of joint owner of a residential property particularly,

1. procedure for appointment of a joint owner of the residential property

2. rights and liabilities of such a joint owner

Thanks & Regards,

Shreya Shah



Online certification courses in IP, IT and Social Media laws


Hemant Agarwal


ha21@rediffmail.com Mumbai : 9820174108
[ Scorecard : 3242]
Posted On 07 May 2009 at 11:36 Report Abuse

Soft copy of the MCS Act ... Even I'm looking for the same, since referring the book, now has become cumbersome after getting addicted to the computer.  In case, if anybody happens to have the soft copy of the MCS Act, please oblige and email the same to me at  "ha21@rediffmail.com"  or provide me the link from where it can be downloaded.

REGARDING  "joint owner" ...
1. As per the MCS Act, there are only First holder and second holder and so on.  No provision for "Joint Holder".  The First holder is the "Registered member", u/s 6 of the MCS Act, with the right to Vote, Contest, attend AGMs, and so on...
2.  The second holder (2nd joint owner) has got no rights, without the written consent of the First holder.  Hence technically, the second holder (2nd joint owner) is not the registered member under the MCS Act.
3. By the above logic, no rights or liabilites or legal proceedings accrue on the second holder.
4. Under the MCS, there is no such thing as "OWNER" of the property.  IT is only "MEMBERSHIP".   The registered society, having conveyanced property, is the "owner" of all the properties.

Keep Smiling ... HemantAgarwal (9820174108)



Ajay Dand


Member
[ Scorecard : 61]
Posted On 28 April 2010 at 16:06 Report Abuse

Hi,

Can you reccommend a hard book of the latest rules & amendments under MCS Act 1960? Where can one purchase the same in Mumbai?

Thanks in advance.

Ajay.



Haresh jamnu


GM
[ Scorecard : 102]
Posted On 10 June 2010 at 18:50 Report Abuse

But doesthe second owner sell, transfer, bequeth the property without the knowledge or permission of the first holder?



Audry Fernandes


nil
[ Scorecard : 277]
Posted On 15 June 2010 at 16:25 Report Abuse

I agree with Hemant Agarwal that in a CHS there is only membership and no ownership. In fact as per bye-laws if the holder wants to dispose off his/her flat, they have to sell it back to the Society.

However at the same time I have been reading that the CHS cannot stop it members from selling their flat yo anyone they wish and also that the CHS cannot refuse membership to the new holder. 

Also the nomination form contains a column wherein you can nominate  a percentage of the flat to each owner. Now a nominee is not the heir. How can you nominate a percentage to each nominee?

All the above rules are controversial!



Haresh jamnu


GM
[ Scorecard : 102]
Posted On 15 June 2010 at 16:55 Report Abuse

Mr. Hemant can you shed some light please



Audry Fernandes


nil
[ Scorecard : 277]
Posted On 15 June 2010 at 19:52 Report Abuse

Haresh I guess you mean cant the second holder sell.

The second holder cannot sell. All rights rest with the first holder.

Even the first holder cannot sell w/o the knowledge of the other holders.

In fact even if there is only one nominee, he cannot sell w/o clearance from the other heirs, indemnity bond etc.



Anil Waditake


ASE
[ Scorecard : 26]
Posted On 30 June 2011 at 12:40 Report Abuse

Hi Please find the attached file.




Attached File (downloaded 866 times) :

Vikas Kapoor


Manager
[ Scorecard : 24]
Posted On 15 January 2012 at 13:06 Report Abuse

Dear Sir,

Greetings for the day?

I would appreciate, if you could please let me know the following queries as follow.

My Mother has a Commercial property in Bandra Mumbai. What is the best way to transfer the Property in her two

sons name in the share ratio of 40% and 60%.

I would also like to know the following.


 

1. (Most Imp) Is the Nomination in the Co- operative society by my Mother in her Two sons name sufficient.
Will our names in the Co- operative Society be transferred after her.

2. Is better to make a (Will or a Gift Deed.) Which is more effective for Mumbai Maharashtra.

3. How important is a Will to be registered.
Thanking You,
Vikas.



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