Understanding Section 79(A) of Maharashtra Co-operative Societies Act, 1960

Introduction

Section 79(A) of the Maharashtra Co-operative Societies Act, 1960, provides the legal framework for housing society redevelopment. This comprehensive guide explains everything you need to know.

What is Section 79(A)?

Section 79(A) empowers the state government to issue directives for the proper functioning of co-operative societies. These directives cover various aspects including redevelopment procedures, member rights, and compliance requirements.

Key Directives

• Minimum 51% member consent for redevelopment
• Transparent tender process with dual-envelope bidding
• Protection of member rights through PAAA agreements
• Bank Guarantee requirements for developer accountability

Compliance Requirements

Society redevelopment must follow these key compliance points:

• All communications must be traceable and documented
• SGM resolutions must be properly recorded
• Transit rent must be paid on time
• Construction milestones must be verified