Payment of education fund by the housing societies.

What is eduation fund ?
==> Education fund is a marginal contribution demanded by the state co-operative board.from the co-operative societies in Maharashtra.
Why is it demanded ?
==> It is demanded to generate funds to the state of  Maharastra to run the revolution of co-operation.
What is a leavy of educatiotions.?
==> Education fund is charged @ Rs.3/- per member per annam to the co-op societies this contribution is    to  be paid to Maharashtra Rajya Sahakari Sangh ltd..
Who is governing the revolution of co-operation?
==> This revolution is mainly runned by the Maharashtra Rajya Sahakari Sangh ltd.
What is the goal of Maharashtra Rajya Sangh ?
==> ITs main goal is to take various seminars to guide the co-op. institutions.
How will we benifited with them.our society
==> You can  request thier officers to conduct the educational programme in your society.
        in which you can ask verious question in your mind about the routine management.
        or many other key matter. these Officers are expert & trained they can guide you very well on various  
        aspects.
So my friends who are working on the managing committee of any co-operative society should keep in the mind that there is a free guidance availabe to you from the office of district co-operative board.

Where is the office of Thane Dist. co-op Board.
==>01st Floor old fadke banglow,
       Doodh Naka Kalyan  W.
       Contact no 0251 2202333

(Published for social awareness)
Mr Ashok V Kulkarni)
Govt certified auditors.)
Co-op consultants.

Accounting of co-op Societies.

Hello friends
                        I m Mr Ashok v kulkarni working in the field of Co-operative society accounting
since last 15 years. & desires to share with you the special events my experiences & any other expertise
thechiques with you.

Why co-op society needs to keep the books of A/c

==> since the co-operative societites are registered under the Maharashtra State Co-op Act.
The society becomes an artifical legal person and become applicable to maintained the financial statements.
Whereas the societies collects various types of funds from its members & whereas these funds are the
properties of the members The trustee or the managing committee is expected to use these funds rationaly
& in the interest of the society.

Therefore when you are acting as a association of persons & gets the regular monetory subscriptions from
your members. You wiill be responsible to maintian all the books of accounts in the up to date status.

Usually the accounting period is starting on 1st of April & ends on 31st of March every year.

Every society has to complete the books accounts & finalise the records within 45 days i.e up to 15th of May every year.
The annual general body meeting of the soc. shall be called till 14 Th August every year.Or other wise you have to take a permission or an extention from the Dy. Registar to conduct the annual general body meeting
after 14th August.