India, July 3 -- In a move expected to affect flat owners in co-operative housing societies across the state, the Maharashtra government has notified amendments to the Maharashtra Co-operative Societies Rules, 1961, introducing a comprehensive regulatory framework for such societies. The revised rules bring greater clarity on maintenance charges, nominations, membership, inheritance, self-redevelopment, governance and financial management, while also streamlining procedures for redeveloping ageing buildings.

They also address long-standing issues related to flat ownership transfers, succession disputes, maintenance billing, parking and the accountability of managing committees.

For apartment owners, the amendments promise greater billin...