Audit Rectification Report

Q: Are the MCS Act forms free to download?

Yes. All 24 MCS Act Appendix forms are completely free to generate as PDFs on SocietySeWA. No login required to browse or download.

Q: What is eManager service by HPF?

eManager is HPF's fully remote society management service backed by 20+ practising advocates, handling all MCS Act compliance, AGM management, legal notices, registrar correspondence, and member management for Maharashtra co-operative housing societies.

Q: Which areas does SocietySeWA serve?

SocietySeWA serves co-operative housing societies across all of Maharashtra, with primary focus on Navi Mumbai, Mumbai, Pune, Thane, and Raigad districts.

Q: What is the sinking fund percentage for Maharashtra housing societies?

Minimum 0.25% per annum of each flat's construction cost, as certified by the architect at the time of construction. This is prescribed by Rule 106C-11(2) of the Maharashtra Co-operative Societies (Amendment) Rules 2026, effective 18 June 2026.

Q: What is the AGM quorum for a Maharashtra housing society?

Two-third of the total members or 20 members, whichever is less. Per Rule 106C-13(3)(e) of the Maharashtra Co-operative Societies (Amendment) Rules 2026.

Q: How does a Maharashtra housing society recover unpaid dues?

By filing Form Y-6 under section 154B-29 of the Maharashtra Co-operative Societies Act 1960, before the Joint/Deputy/Assistant Registrar of Co-operative Societies, with a court fee of ₹100. The Registrar issues a recovery certificate in Form Y-7, which is enforceable as arrears of land revenue under the Maharashtra Land Revenue Code 1966. No separate execution application is needed. Per Rule 106C-14 of the 2026 Amendment Rules.

Q: What are the registration fees for a Maharashtra housing society?

Under Rule 106C-3(2)(d) of the 2026 Amendment Rules: Tenant co-partnership up to 25 flats: ₹2,500; 26-50 flats: ₹5,000; 51-250 flats: ₹7,500; above 250 flats: ₹10,000. Backward class and Lok Awas Yojana societies: ₹50. Tenant ownership and other housing societies: ₹5,000.

Q: What is the maximum interest rate on defaulted maintenance dues?

The Maharashtra Co-operative Societies (Amendment) Rules 2026 cap interest on defaulted maintenance charges at 12% simple interest per annum (Rule 106C-12). The rate must be fixed by a general body resolution — the managing committee cannot unilaterally set a higher rate.

Official TextSelect & copy — link auto-added

153. After completion of the Statutory Audit, the Secretary shall prepare an Audit Rectification Report in Form O as prescribed under Rule 73 of the Maharashtra Co-operative Societies Rules, 1961, addressing all objections and observations made in the Audit Report. The Audit Rectification Report shall be placed before the next Annual General Body Meeting for approval and shall be submitted to the Registrar. Failure to prepare and submit the Audit Rectification Report shall be an offence under Sections 146 and 147 of the Act.

audit rectification objections report Form O

Community Discussion

Loading comments…

Sign in to ask questions or share insights about this bye-law.

Sign in →

← Previous

152. Production of Books for Audit

Next →

154. Conveyance of Property

Need documents related to this bye-law?

Generate Free Forms