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February 2026

Co-Operative Societies

By Chandrashekhar Vaze, Chartered Accountant
Reading Time 4 mins
Shrikrishna:  Arey Arjun, for a change, you are looking in a cheerful mood today. What is the secret? Arjun:     Nothing, Bhagwan. Just enjoying the pleasant climate. And a little relaxed from the deadlines. Shrikrishna:     I understand. From July to December, every month end is a nightmare for CAs. Arjun:    Very true. In the housing society where I stay, there were celebrations for new year, Makar Sankranti and the Republic Day. Shrikrishna: Oh, Great! So your society members must be good and friendly with each other. Arjun:      Yes. But………. Shrikrishna:  But there are a couple of trouble makers, Right? Arjun:  Absolutely, Lord. I have observed that by and large in all co-operative housing Societies, there is nothing but non-cooperation! Shrikrishna: Unfortunate! Arjun: No one voluntarily comes forward for work. They consider managing committee members as their servants! Sometimes, committee members are also a little too smart. There is some friction or the other among members. Shrikrishna: And one or two members are a bit too smart! They feel that they know everything; and they alone know the laws and regulations! Arjun: Bhagwan, how do you know all these things? Shrikrishna: Arjun, this is kal