Maharashtra’s draft rules under the Cooperative Societies Act, pending since April, are set to be cleared soon, said State Cooperation Minister Babasaheb Patil.
The rules, crucial for implementing the 2019 amendments, will modernize governance for over 1.25 lakh cooperative housing societies operating under outdated provisions.
Key reforms include maintenance charges, hybrid general body meetings, borrowing limits for redevelopment, interest caps on late payments, and provisional membership procedures.
The law and judiciary department will review the draft, with Model Bye-laws 2025 expected by December, aiming to resolve disputes and improve society management statewide.