Quorum and Consent in Redevelopment of Co Operative Housing Society

Описание: Quorum and Consent in Redevelopment of Co Operative Housing Society : Adv. Shreeprasad Parab
Expert Director, The Maharashtra State Co-operative Housing Federation
Co-operative housing society redevelopment in Maharashtra, India, is governed by specific regulations, particularly those outlined under Section 79A of the Maharashtra Co-operative Societies Act, 1960. Adherence to these guidelines is crucial for a smooth and legally sound redevelopment process.
Quorum requirements
Preliminary Decision and Developer Selection: The Special General Body Meeting (SGBM) convened for redevelopment, including the selection of a developer, requires a quorum of two-thirds of the total membership strength of the society.
Consequence of No Quorum: If the quorum is not met, the meeting will be adjourned for seven days. If the adjourned meeting also lacks a quorum, the meeting is cancelled, and the subject of redevelopment cannot be brought before the SGBM for approval for the next three months.
Important Note: It's essential to note that for the initial decision to pursue redevelopment, a majority vote of more than three-fourths of the members is required.
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