Annual General Meeting (AGM) – Due Dates for Housing Societies in Maharashtra (FY 2019–20 to 2024–25)
Under the provisions of the Maharashtra Co-operative Societies Act, 1960, particularly Section 75(1), every Co-operative Housing Society in Maharashtra is mandatorily required to hold its Annual General Meeting (AGM) within the prescribed time limit.
Normally, the AGM must be held on or before 30th September following the close of the financial year (which ends on 31st March).
However, due to extraordinary circumstances (COVID-19 pandemic), the Maharashtra Government granted extensions for certain financial years.
AGM Due Dates – Year Wise Position
FY 2019–20
-
Original Due Date: 30/09/2020
-
Extended up to: 31/03/2021
FY 2020–21
-
Original Due Date: 30/09/2021
-
Extended up to: 31/03/2022
FY 2021–22
-
Original Due Date: 30/09/2022
-
Extended up to: 31/12/2022
FY 2022–23
-
AGM Due Date: 30/09/2023
-
No Extension Granted
FY 2023–24
-
AGM Due Date: 30/09/2024
-
No Extension Granted
FY 2024–25
-
AGM Due Date: 30/09/2025
-
No Extension Granted
⚖️ Important Legal Position
Every Housing Society must conduct its AGM:
On or before the extended due date declared by the Government OR 30th September after the close of the financial year — whichever is earlier.
If the Society fails to hold the AGM within the prescribed/extended time:
❗ 1. Committee Loses Legal Authority
The Management Committee does not have the legal right to convene and conduct the AGM after the due date on its own.
❗ 2. Mandatory Application to Registrar
The Society must submit an application to the Deputy Registrar / Assistant Registrar of Co-operative Societies requesting:
Appointment of an Authorised Officer
To convene and conduct the overdue AGM
❗ 3. Breach of Law & Bye-laws
Failure to hold AGM within time amounts to:
Violation of Society Bye-laws
Breach of Section 75(1) of the Maharashtra Co-operative Societies Act, 1960
❗ 4. May be Disqualification of Committee Members
If Any member filed complaint to the Deputy Registers then The Committee Members and/Or Office Bearers may be:
- Disqualified for a period up to 5 years
Held responsible for statutory default
📝 Conclusion
All Co-operative Housing Societies in Maharashtra must strictly adhere to the AGM due dates. After FY 2021–22, no general extensions have been granted. Therefore, Societies must conduct their AGM on or before 30th September every year, failing which serious legal consequences may follow.
If required, legal recourse can be initiated before the appropriate Registrar authority against defaulting committees.
📝 Writer
Adv. CMA, CS Jagannath Mane
