Maharashtra Cooperative Societies Act The fundamental facts of the Maharashtra Cooperative Societies Act, 1960, which controls nearly two lakh cooperative societies in the state, are explained in this article. There are about two lakh cooperative societies in Maharashtra, with over 50 million members. The Maharashtra Cooperative Societies Act, 1960 governs these co-operative societies, which include cooperative housing societies.
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What exactly is the Maharashtra Cooperative Societies Act? The Maharashtra Cooperative Societies Act, enacted on January 26, 1962, offers a complete framework for the registration, membership, incorporation of responsibilities and privileges of cooperative societies across Maharashtra. As directed by the centre, the Maharashtra government adopted an ordinance modifying the Maharashtra Cooperative Societies Act on February 13, 2013. The changes went into effect on February 14, 2013.