Every Co-operative Housing Society in Maharashtra must conduct specific General Body Meetings as mandated under the Maharashtra Co-operative Societies Act, 1960 & Model Bye-laws.

Understanding these meeting types ensures proper governance, transparency, and legal compliance.

📌 1. First General Body Meeting (FGM) – Bye-Law No. 85

This is the first mandatory meeting of the society.
✔ Must be conducted within 3 months of society registration
✔ Requires 14 clear days’ notice
✔ Mainly for formation of the first official Managing Committee

📌 2. Annual General Body Meeting (AGM) – Bye-Law No. 94

The most important meeting of the year.
✔ Must be held once every year before 30th September
✔ 14 days’ notice required
✔ Agenda includes:
– Passing audited accounts
– Budget approval
– Appointment of auditor
– Compliance reports

📌 3. Special General Body Meeting (SGM) – Bye-Law No. 96

Called when urgent or specific matters require member approval.
✔ Can be held any number of times in a year
✔ Examples:
– Major repairs
– Redevelopment
– Fund approval
– Dispute resolutions

💡 Why These Meetings Matter

✔ Ensure transparency in society functioning
✔ Strengthen decision-making
✔ Maintain legal compliance
✔ Avoid penalties from the Registrar
✔ Improve communication between members & committee

🏢 Need Professional Help with Notice Drafting, AGM/SGM Handling, Minutes Writing or Compliance?

With 20 years of experience, Rapid Management assists societies across Mumbai, Thane & Navi Mumbai.

📞 9867336774 / 9930459380
📧 rapidcm2018@gmail.com
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