Membership of a co-operative housing society

Subrata Das (Querist) 29 October 2014 This query is : Resolved
Whether any person can be treated as a member and share holder of a Co-operative Housing Society before permission/approval for admission as a member by the Registrar of Co-operative Societies?

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Devajyoti Barman (Expert) 29 October 2014
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Isaac Gabriel (Expert) 30 October 2014
Admission of members is a formality and the Governing Board ratifies it by a board resolution as per the bylaw after payment of initial share amount fixed for the purpose of admission.