MUMBAI, July 1 -- The state government on Tuesday finalised a detailed regulatory framework for co-operative housing societies by notifying the amendments to the Maharashtra Co-operative Societies Rules, 1961. The amended rules cover membership, nomination, inheritance, and accountability of managing committees among other things, and address long-standing issues related to flat ownership transfers, succession disputes, maintenance charges and governance. A significant change relates to funds collected from members. The rules provide a structured list of permissible charges such as service charges, water charges, lift maintenance expenses, parking charges, non-occupancy charges and so on. A cap of 12% per annum has been put on interest charged on delayed payments. Non-occupancy charges have been fixed at 10% of service charges. The rules also detail long-term issues such as members' contributions to the repair and maintenance fund and debt redemption fund. These funds are intended to ensure that societies have adequate resources for major repairs, maintenance and long-term liabilities. The amendments also specify that societies cannot impose arbitrary charges. The general body will have the authority to approve other charges, provided they do not violate statutory provisions. A major change has been introduced in the area of nomination and succession of flats. In case of the death of a member, the nominee can apply for temporary membership by submitting an application along with an indemnity bond. The indemnity bond will protect the society against future claims or disputes. If a member dies without making a nomination, or if no nominee comes forward, the society will have to issue a public notice in two widely circulated local newspapers inviting claims from legal heirs. The general body has been declared the highest decision-making authority of the society, and decisions taken by it will be binding on the managing committee. The rules permit participation in general body meetings through video-conferencing and other audio-visual methods, provided proper records of participation are maintained....