can a housing society be registered as co-operative society? if yes, than what is a procedure for registration.? and can a housing society adopt rules of co-operative society without registration?
vaibhav jain (none) 24 April 2022
can a housing society be registered as co-operative society? if yes, than what is a procedure for registration.? and can a housing society adopt rules of co-operative society without registration?
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 24 April 2022
A housing society can be registered under the Co-operative Societies Act of the State where it is situated.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 24 April 2022
A society is essentially an association of seven or more people registered under the Societies Registration Act, 1860 – which is an all India Act (however, many States, have variants on the Act) and which has as a stated purpose some charitable or benevolent purpose either in regards to the public at-large or in regards to the common interest of the members and which operates as nearly as possible at cost. A registered society is a legal entity with certain limitations. However, members of a cooperative society get together to promote the economic interest of their members. They have to submit viable business plan of the cooperative before registration. These two prerequisites are not present in a society.
Dr J C Vashista (Advocate) 25 April 2022
It can be registered with the Registrar Cooperative Societies of your State.
Your State Cooperative Socities Act govern the subject.
Consult and engage a local prudent lawyer for necessary proceeding.
vaibhav jain (none) 25 April 2022
Thank you