Funds of the Society

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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

Modes of raising Funds of the Society 7. The funds of the Society may be raised in one or more of the following ways: (a) by entrance fees, (b) by issue of shares, (c) by loans and subsidies, (d) by deposits, (e) by voluntary donations, (but not from Transferor and Transferee) (f) by contributions towards cost of building or buildings, (g) by fee on transfer of shares, along with the occupancy right, assignment (h) by premium on transfer of occupancy right over the flats, (i) by corpus fund from Promoter Builder (j) by any other mode permitted under these bye-laws, (k) by way of statutory requirements. (l) by way of non-occupancy charges, leasing / hiring of open spaces (m) by way of corpus fund, in case of redevelopment

Related provisions

MCS Act, 1960 — Chapter XIII-B

Section 154B-15 — Creation of funds →

2026 Amendment Rules

Rule 106C-10 · 106C-11 — Society funds — sinking, repair & more →

funds capital raising funds entrance fee share capital

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