Disqualification of Office-Bearers in Mumbai Housing Society Over AGM Delays
Hsg society members ousted for delaying AGM, audit
Hindustan Times
Image: Hindustan Times
The Registrar of Cooperative Societies in Mumbai has disqualified three office-bearers of Borivali Jankalyan Cooperative Housing Society for failing to conduct annual general meetings and audits on time. The decision follows complaints of negligence and lack of transparency within the society's governance.
- 01Three office-bearers disqualified for failing to hold AGMs and audits.
- 02Complaints included negligence and governance failures.
- 03Registrar's inspection revealed multiple irregularities.
- 04Chairman, secretary, and treasurer barred from future elections.
- 05Order emphasizes the importance of statutory compliance in housing societies.
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The Registrar of Cooperative Societies for R North Division in Mumbai has disqualified three office-bearers of the Borivali Jankalyan Cooperative Housing Society due to their failure to conduct annual general meetings (AGMs) for the financial years 2022-23 and 2023-24 and to appoint auditors as mandated by law. The decision, made on April 24 under section 75(5) of the Maharashtra Cooperative Society Act 1960, affects chairman Namrata Sankhe, secretary Sudhakar Chavan, and treasurer Laxman Malekar, barring them from participating in committee elections for the current term and the following two years. The complaints were led by society member Devendra Chiplunkar, represented by advocate Sunil Sakhrani, who accused the committee of maladministration and governance failures. An inspection revealed significant irregularities, including delayed AGMs and incomplete financial disclosures, which violated statutory requirements. The registrar emphasized that compliance is crucial for transparency and accountability within cooperative societies. While the managing committee denied the allegations, claiming the complaints were unfounded and that delays were due to administrative challenges, the order highlights the importance of fulfilling statutory duties to protect members' interests.
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This decision may lead to improved governance and transparency within the Borivali Jankalyan Cooperative Housing Society, ensuring that members have better access to information and accountability.
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