Maharashtra Notifies MCS Amendment Rules 2026 — First Dedicated CHS Rulebook in State History

The Maharashtra government on 18 June 2026 notified the Maharashtra Co-operative Societies (Amendment) Rules 2026 in the Official Gazette — the first dedicated housing society rulebook in the state's legislative history. The rules take effect immediately and cover every registered cooperative housing society (CHS) in Maharashtra.

Six key changes every managing committee must know

• Sinking Fund minimum set at ₹1,000 per square metre of carpet area per year — committees with deficient balances must submit a catch-up plan within 90 days.
• Committee spending cap of ₹2 lakh per item without member approval — expenses above this threshold now require an SGM resolution.
• Mandatory maintenance recovery procedure formalised under Section 154B-29, including the right to attach and sell a member's flat for prolonged non-payment.
• Redevelopment decisions now require written consent of at least 70% of total members — verbal AGM votes are no longer sufficient.
• AGMs must be held within three months of the financial year-end (i.e., by 30 June each year).
• Virtual AGMs via video conferencing formally permitted, subject to the society maintaining a verified digital member roll.

New statutory forms

The amendment introduces seven new prescribed forms (Y-1 through Y-7) for fund reporting, recovery proceedings, and redevelopment consent. Societies must begin using these forms immediately — use of older, informal formats will not satisfy statutory requirements.

What societies must do now

Managing committees should audit their Sinking Fund balances against the new minimum, review their spending delegation framework, and ensure their AGM schedule complies with the revised timeline. Redevelopment proposals under discussion must be paused and re-run under the new 70% consent procedure. Committees unsure of their compliance status should seek a professional review before the next general meeting.