State mulls body for hous­ing so­ci­eties

THE NEED FOR A SEP­A­RATE AUTHOR­ITY

Hindustan Times ST (Mumbai) - Live - - FRONT PAGE - Shailesh Gaik­wad

NAGPUR: The state govern­ment is con­sid­er­ing set­ting up a sep­a­rate author­ity to han­dle the af­fairs of Mum­bai’s co­op­er­a­tive hous­ing so­ci­eties.

Re­ply­ing to a de­bate on a bill to amend the Ma­ha­rash­tra Co­op­er­a­tive So­ci­eties Act, 1960, co­op­er­a­tion min­is­ter Sub­hash Desh­mukh said there was a need to sep­a­rate co­op­er­a­tive hous­ing so­ci­eties from other co­op­er­a­tive bod­ies.

The govern­ment is mulling cre­at­ing a sep­a­rate author­ity for af­fairs such as elec­tions, Desh­mukh­said,whilere­spond­ing to is­sues raised by leg­is­la­tors who pointed out hold­ing elec­tions and au­dit­ing ac­counts of the hous­ing so­ci­eties has be­come te­dious.

Here lies the prob­lem: all co­op­er­a­tive bod­ies, in­clud­ing co­op­er­a­tive hous­ing so­ci­eties, are gov­erned by the Ma­ha­rash­tra Co­op­er­a­tive So­ci­eties Act, 1960. To en­sure trans­parency in their func­tion­ing and to pre­vent mal­prac­tices, the state made it All co­op­er­a­tive bod­ies, in­clud­ing co­op­er­a­tive hous­ing so­ci­eties, are gov­erned by the Ma­ha­rash­tra Co­op­er­a­tive So­ci­eties Act, 1960

manda­tory for so­ci­eties to au­dit theirac­count­sev­eryyear, by­firms em­pan­elled by it. It has also made it manda­tory to hold elec­tions of the­m­an­age­ment­com­mit­teeev­ery three­years. Whilethe­seruleshelp check mal­prac­tices in co­op­er­a­tive sugar fac­to­ries or banks, for hous­ing so­ci­eties, com­ply­ing with so many rules is of­ten dif­fi­cult, da­tory for so­ci­eties to au­dit their ac­counts ev­ery year

leg­is­la­tors said.

There are 22,000 hous­ing so­ci­eties in Mum­bai and it is not pos­si­ble­for­res­i­dentswhoare­mem­bers to­take­out­thetime­to­com­ply­with the govern­ment’s rules. The state should con­sider di­lut­ing cer­tain pro­vi­sions, de­manded Mum­bai leg­is­la­tor Ashish She­lar.

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