Glossary

Glossary for housing societiesगृहनिर्माण संस्थांसाठी शब्दसूची

The Marathi terms are the ones SocietyAxis prints on its bilingual documents.

Term मराठी What it means
Managing committee (MC) व्यवस्थापन समिती The elected body that runs the society for five years
General body (GB), AGM, SGM सर्वसाधारण सभा, वार्षिक सर्वसाधारण सभा, विशेष सर्वसाधारण सभा All members in meeting; the AGM is due by 30 September (s.75(1))
Chairman · Secretary · Treasurer अध्यक्ष · सचिव · खजिनदार The office-bearers
Member सभासद A shareholder of the society; joint, associate (Y-5A) and provisional (Y-4) members are distinct kinds
Flat / unit सदनिका The premises a member holds
Register of Members — Form I सभासद नोंदवही — नमुना ‘आय’ The statutory register of members (Rule 32)
List of Members — Form J सभासदांची यादी — नमुना ‘जे’ The list of members sent to the Registrar (Rule 33)
Share certificate भाग प्रमाणपत्र Issued within six months of allotment, under seal (BL 9)
Nominee नामनिर्देशित व्यक्ती The person a member nominates; recorded in the nomination register within 7 days (BL 31)
Maintenance bill देखभाल बिल The monthly bill of charges, apportioned as Rule 106C-12 sets out
Receipt पावती Acknowledgement of a payment
Previous dues मागील थकबाकी Arrears carried into a bill; interest on them at most 12 % (Rule 106C-12)
Sinking fund कर्जनिवारण (सिंकिंग) निधी At least 0.25 % a year of construction cost, for reconstruction and heavy repairs (BL 13(c))
Financial statements — Form N आर्थिक पत्रके — नमुना ‘एन’ Income and expenditure, receipts and payments, balance sheet (Rule 62)
Income and Expenditure Account उत्पन्न व खर्च खाते The year’s income and spending
Balance Sheet ताळेबंद What the society owns and owes at year-end
Audit rectification report — Form O दोष दुरुस्ती अहवाल — नमुना ‘ओ’ The committee’s answer to the auditor’s objections, within 3 months (Rule 73)
Returns u/s 79(1A), 79(1B) कलम ७९(१अ), ७९(१ब) अंतर्गत विवरणपत्रे The annual return and the auditor-appointment return, filed on MahaSahakar
Clear days पूर्ण दिवस Days counted excluding the day of service and the day of the meeting
M-20 bond एम-२० बंधपत्र The indemnity bond each committee member files within 15 days of taking office (s.73(1AB))
Returning officer (RO) निवडणूक निर्णय अधिकारी Conducts the election; for societies up to 250 members, appointed from the SCEA panel (ER 76-B)
Recovery certificate — Form Y-7 वसुली प्रमाणपत्र — नमुना ‘वाय-७’ Issued on an application in Form Y-6; executable as arrears of land revenue (s.154B-29)