Managing committee must not discriminate between members

Our society is 40 years old and wishes to go for redevelopment, but we are not getting decent offers from developers.

- Sharmila Ranade

One of the members is a numerologist and has advised to change the society's name to get better offers. Is the name-change possible, if yes, what is the procedure? Soni Kumar, Dadar

I can hardly comment upon the reason quoted for the name-change. With regards to seeking a decent offer from a developer, it depends on the project's feasibility and financial viability, available and consumed FSI, scope for constructing additional flats, financial capacity of the developer and other requisite clearances.

The society's name may be changed in accordance with section 15 of the Maharashtra Co-operative Societies (MCS) Act; however, it should not refer to any caste or religious determination and should not be inconsistent with the society's objectives. The name may be changed by passing a resolution at the general meeting and with the registrar's approval. Such change does not affect any right or obligation of the society or its past or deceased members. Any pending legal proceedings may continue under the new name.