Comment on Maintenance charges in co-operative housing societies by Shalini.
I live is a housing society in Bangalore registered under KSRA as a housing association. The housing association has issued the demand for AMC without holding an AGM/ Special GM(SGM)/ Emergency GM(EGM). When asked the Managing Committee has responded with “An EGM or AGM decides the AMC applicable for the year and until another AGM or EGM revises it, the previously decided AMC remains valid” and are using this justification to carry over and use previous year’s AMC to this year. They are also threatening to levy a penalty on anyone who does not pay up the AMC within 25 days of the demand. Is the associations’s demand for AMC payment without an AGM, without presenting the accounts for previous year and without presenting a budget for this year valid and legal? I appreciate your response.