Copies of bye-laws to be open to inspection of Multi state cooperative Society-

Every multi state cooperative society shall keep a copy of the rules and its refusal of amendment of Bye-Laws in multi state cooperative society and also a list of its members open to inspection free of charge at all reasonable times, at the registered address of the society. Section 106 of the 2002 Act is corresponding to Section 98 of the 19 There is change in heading and minor language change in the section. It is duty of every multi state cooperative society to keep a copy rules and its bye-laws and also a list of its members at the registered add the society. This copy of the rules and its bye-laws and list of members open to inspection free of charge at all reasonable times. Byelaws are the rules that govern a cooperative society and its members and these undergo changes from time to time through amendments whenever the government feels the need for changes. For instance, the cash on hand limit under the old bye-laws was Rs 300. Cash on hand is maintained by the society for day to expenses such as plumber's payments for instance. Over the years it was felt that the amount was not sufficient. And hence in the new bye-laws the same has been increased to Rs 4,500.Such changes under various headings become imminent and that is how the new model bye-laws came into effect from July 2, 2001. Since then, the government has made it mandatory for cooperative societies in Maharashtra to adopt the new bye-laws. Bye-laws are district specific. In other words while these are more or less the same there could be minor changes depending on which district you feel in preparation of bye Laws in multi state cooperative society. Enumerated here are some of the differences between the old and the new bye-laws . Transfer of flat: Under the old bye-laws in case you were to transfer your flat, a charge of 2.5% of the difference in the purchase value minus sale value would be levied as transfer charges. But under the new model bye-law number 45 all that has been scrapped and a common charge is levied as per the general body resolution subject to the condition that it is not above Rs 25,000.