24/07/2020
Public Relations Room (Chief Minister's Secretariat)
Cabinet meeting: July 23, 2020
Total Decision-4
* Department of Co-operation *
* Approval to amend the Co-operative Societies Act *
* Extension of Audit, Annual General Meeting *
The decision to amend various sections of the Maharashtra Co-operative Societies Act, 1960 was taken at a Cabinet meeting held here today. Accordingly, the coroner's background will be amended to extend the duration of the annual general meeting and audit.
According to the provisions of Section 27 of the Maharashtra Co-operative Societies Act, 1960, only active members of the society can vote in the election of the society. To become an active member of the organization, one is required to take some minimum services and attend the annual general meeting at least once in 5 years. However, due to the outbreak of Corona epidemic, the annual general meeting of the co-operative societies in the state was held on As it is not possible to take till 30.09.2020, the members of the organizations may become inactive and may be deprived of voting in the forthcoming elections of the organization by being excluded from the voter list. To avoid this, Section 27 has been amended to extend the duration of the General Meeting and Section 75 has been amended to extend the time limit for holding such meetings till 31.03.2021.
Also, as per the provisions of Section 81, each organization is required to conduct its audit within a period of 4 months from the end of the financial year. However, as it is not possible to submit the audit report before 31.07.2020 due to the current coroner's affiliation, sub-section 1 of section 81 has been approved to amend the said section to extend the period for submission of audit report till 31.12.2020.
Covid-19 has postponed the election of co-operative housing societies with less than 250 members. Therefore, it was approved to make provision in sub-section 19 (3) of section 154-B for the members of the housing societies whose term of five years has expired to remain as regular members till the new committee comes into existence.
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