Termination of Nominal Membership — Firm/Company

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 SocietySeWA?

eManager is a fully remote society management service delivered by Expert Jurist LLP, 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

Circumstances under which the person occupying the flat on behalf of the firm / company ceases to be the nominal Member. 57. If there is a Nominal Member, occupying the flat on behalf of the firm, company or any other body corporate he shall cease to be as such Member of the Society : a. On his death. b. On the acceptance of his resignation by the Committee. c. On cessation of Membership of the original Member on whose behalf he occupies the flat in the Society. d. On cessation of his nomination on account of expulsion of the original Member. e. On intimation from the original Member of termination of the occupants nomination. The Committee shall take further action in the matter as indicated in the bye-law No.59.

nominal member company firm termination

← Previous

56. Termination of Associate Membership

Next →

58. Termination of Nominal Membership — Tenant/Licensee

Need documents related to this bye-law?

Generate Free Forms

Need this bye-law applied?

A bye-law helps only when it is used correctly.

Amendments, general body resolutions, member disputes, registrar filings — Expert Jurist LLP handles these for societies across Maharashtra, start to finish.

Talk to an advocate Create a free account

Read every bye-law free, download MCS forms and track your society’s compliance dates.