Housing Cooperative Society Registration (Business Opportunities - Investment)
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Item ID 2784287 in Category: Business Opportunities - Investment
Housing Cooperative Society Registration | |
Housing Cooperative Society Registration A society, whose objective is to promote economic interests or the general welfare of its employees or of the public, in compliance with co-operative standards, or a society set up with the object of working with the activities of any such society might be registered under the Act A co-operative society is the ideal fit for a private structure as flat proprietors have normal requirements like water association, guards, etc. and interests like maintenance of common regions, like the terrace and compound. Assuming you've bought a flat in another building, it would presumably be ideal if you looked into framing a society. The builder may likewise be legally obliged to frame a society. For instance, under Maharashtra Flat Ownership Act, 1963, a builder should shape a society within four months from the date when 60% of the flats are sold. Registration Process First general meeting (before registration) In first gathering under Societies Model Bye Law 3(iii), the Chief Promoter (can also be a builder) is chosen by the promoters, who are individuals co-signing the registration application in the presence of Registering Authority, under Bye-law 3(xii). In this gathering, important resolutions are passed like opening a bank account for the sake of the proposed society and for getting authorization for reserving society’s name. It is necessary for SRA/MHADA recognized societies, for the first gathering to be video recorded. Registration Application The initial step is to hold the proposed name of the Society. Ordinarily, a proposition for the same will be joined by the society goals and signatures of like 10 Promoters who have attended the The registrar permits the name and grants consent to open an account in the bank. The Chief Promoter will gather Share Capital, Entrance Fees from each of the promoters and deposit it in the permitted bank’s branch by the Registrar. Without prior permission of the Registrar, the sum deposited can't be withdrawn till the society is either registered or is rejected. The Chief Promoter ought to submit the registration proposition to the registering authority within a time of 90 days from the date of issue of Letter of Reservation for the sake of the proposed society. Registrar’s Approval Once satisfied with the application, the registrar will register the society by offering a registration certificate. Deciding on the registration of the society is crucial and within a time of two months from the date of the proposition of the society should be submitted to the Registrar. Visit us for more information About Housing Cooperative Society Registration. Contact Us Call To : +91-9825600907 Email To : info@estabizz.com | |
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| Target State: All States Target City : All Cities Last Update : 19 December 2023 3:59 PM Number of Views: 68 | Item Owner : Estabizz Contact Email: Contact Phone: 9825600907 |
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2024-04-27 (0.392 sec)