Now, Mumbai housing societies have to share financial details with members

The Maharashtra cabinet has made it mandatory for office-bearers of cooperative housing societies to share financial details, if sought, with their members.

The cabinet said if the office-bearers’ committee fails to provide information, it will be fined Rs25,000. It amended the cooperative housing society rules on Tuesday.

The new rule will benefit most housing societies in Mumbai.

https://www.hindustantimes.com/mumbai-news/now-mumbai-housing-societies-have-to-share-financial-details-with-members/story-AKRTbkYvqVogMNfhjD62RJ.html