O form For housing society फॉर्म ओ सुधार रिपोर्ट

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Buy O Form For housing society today in newest format

Pack of 10 forms each in large size,

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Hard copy form mandatory

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The columns in O Form For housing society are as follows :

• Date of audit:, and
• period covered:, and
• No. and date of order under section 83/84:, and
• Name and Designation of person carrying out audit, inquiry or inspection:, and
• Serial No. of the objection in the adult memo or report of the office carrying out inquiry or inspection., and
• Observations made by auditor or officer carrying out inquiry or inspection., and
• Explanation of the society and remarks regarding action taken by it to rectify the irregularities and implement the suggestion made by the auditor or officer carrying out inquiry of inspection., and
• No. and date of the remarks committee approving the report., and also
• Remarks

In Maharashtra, housing societies must submit a copy of the O Form to government authorities each year. This form is critical in helping housing societies satisfy various regulations and laws, as well as perform adequate due diligence on their properties.

Learn why it is important for housing societies in Maharashtra to submit the O Form

Form o for society rectification report under Section 82/87 (See Rule 73) under the Maharashtra Cooperative Societies Rule 1961.

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Use of Form O Rectification Report under Section 82/87 used for Societies:

The O Form is an essential part of the registration process for housing societies in Maharashtra and provides important information to government authorities. This form provides detailed information about the particulars of the housing society like its name, registration date, address, date of last audit, etc.

In addition, it also informs government authorities about any changes that have taken place since the society’s last registration renewal. Proper accuracy and completeness in filling out the O Form is necessary to avoid complications with laws and regulations concerning housing societies.

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Address: 6,Samarth Niwas, Jhaveri building, Corner Elphinstone bridge, Behind Nanumal Bhojraj hotel, Parel east, Mumbai 400012.

Schedule: 10 am to strictly 6 pm. Monday to Saturday

Importance of form o rectification report:

One of the main benefits of having an OC is that it provides legal protection to the society and its members. Without an OC, a housing society may be subject to legal action and fines, as well as difficulty in obtaining various services and permissions. Additionally, an OC is also a crucial document for obtaining insurance for the society and its members.

Is audit of society compulsory?

When it comes to managing a housing society, there are many responsibilities that need to be taken care of. One such responsibility is conducting an audit of the society’s financial records. The question that arises here is whether an audit of the society is compulsory or not. In this article, we’ll explore the answer to this question in the form of a listicle.

As per the Maharashtra Co-operative Societies Act: According to the Maharashtra Co-operative Societies Act, 1960, it is mandatory for all co-operative societies in the state to conduct an audit of their financial records. This applies to all types of co-operative societies, including housing societies.

Required by Registrar of Societies:

The Registrar of Societies, who is responsible for regulating co-operative societies, requires societies to conduct an audit of their financial records. This is to ensure that societies are complying with the provisions of the Maharashtra Co-operative Societies Act and are maintaining accurate financial records.

Statutory Compliance:

Conducting an audit of the society’s financial records is a statutory compliance requirement. Failing to comply with this requirement can result in penalties, fines, and legal action against the society and its management committee.

Verification of Financial Records:

Conducting an audit of the society’s financial records provides an opportunity to verify the accuracy of the financial records maintained by the society. This helps to detect any discrepancies, errors, or fraudulent activities that may have occurred.

Transparency and Accountability:

Conducting an audit of the society’s financial records promotes transparency and accountability in the management of the society. It ensures that the funds collected from the members are being utilized appropriately and in accordance with the society’s by-laws.

Better Financial Planning:

Conducting an audit of the society’s financial records helps in better financial planning for the society. It provides insights into the society’s financial health and helps to identify areas where the society can cut costs or increase revenue.

Ensures Member Confidence:

Conducting an audit of the society’s financial records ensures member confidence in the society’s management committee. It assures members that their funds are being managed efficiently and effectively, and the society is being run in a transparent and accountable manner.

In conclusion,

Conducting an audit of the society’s financial records is compulsory as per the Maharashtra Co-operative Societies Act, and failing to comply with this requirement can lead to penalties and legal action. Apart from being a legal requirement, conducting an audit of the society’s financial records has many benefits, including transparency, accountability, better financial planning, and member confidence in the society’s management committee.

Therefore, societies should ensure that they conduct regular audits of their financial records to comply with statutory requirements and to manage the society effectively.

Get it and other society stationery for 2023 from Bapuji Stationery Mart, for example

• Register account book,
• And also Form,
• Abstract and
• Book for Acts and Laws
• with Office and School Stationery,
• Notebooks, Long notebooks

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