AGM of the housing society cannot be held without circulating audit report, balance sheet with the 14 day notice about AGM to the members.
If the managing committee of the society fails to submit Audit Rectification Report to the Registrar and the Annual General Body Meeting, all the members of the managing committee shall be deemed to have committed an offence under section 146 of the Act and shall be liable for Penalty under section 147 of the Act.
If the managing committee has-
a) failed to circulate the audit report and the audit rectification report amongst the members along with the 14 day notice about the Annual General Meeting,
b) failed to do the Audit Rectification within three months from the date of audit report,
c) failed to submit Audit Rectification Report to the Registrar,
the Members of the Managing Committee have committed an offence under section 146 of the Maharashtra Coop Societies Act and should be penalized under section 147 of the Maharashtra Coop Societies Act, with a fine of Rs 5,000 to each member.
DEFICIENCY IN SERVICES UNDER SECTION 2 (11) OF THE CONSUMER PROTECTION ACT, 2019
If the Managing Committee of the Society fails to provide Audit Report, Audit Rectification Report and the balance sheet with the notice about Annual General Meeting (AGM) to the housing society member, action can be taken against the Chairman and the Secretary of the Managing Committee seeking compensation against deficiency in services.
PENALTY AND PUNISHMENT UNDER SECTION 72 OF THE CONSUMER PROTECTION ACT, 2019
If the Managing Committee of the Society fails to comply with the order of the Consumer Commission, the Chairman and the Secretary of the Managing Committee are liable for imprisonment for a term of one month that can extend up to three years or with fine which shall not be less than Rs 25,000, or with both.
You can file you consumer complaint against the housing society at www.icrpc.org
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