Housing Cooperative Society Registration

Package Inclusion :

  • Review of Application
  • Advisory on Submission of documents before registrar
  • End to end follow-ups 

Housing Cooperative Society Registration

What Is Housing Cooperative Society Registration?

A society, which has as its object of the promotion of the economic interests or general welfare of its members, or of the public, in accordance will co-operative principles, or a society established with the object of facilitating the operations of any such society may be registered under the Act

A co-operative society is the perfect fit for a residential building as flat-owners have common needs like water connection, watchmen, e.t.c and interests like maintenance of common areas, such as the terrace and compound. If you’ve purchased a flat in a new building, it would probably be best if you took interest in forming a society. The builder may also be statutorily obliged to form a society. For example, under Maharashtra Flat Ownership Act, 1963, a builder must form a society within four months of selling 60% of the flats.

Procedure for Registration

First general body meeting (before registration):

In first meeting under Society’s Model Bye-law 3(iii), the Chief Promoter (could be the builder) is selected by the promoters, who are members co-signing the registration application before the Registering Authority, under Bye-law 3(xii).

In this meeting, necessary resolutions are passed like opening the account in a bank in the name of proposed society and for obtaining permission for reserving the name of the society. It is compulsory for SRA/ MHADA recognized societies, for the first meeting to be video-recorded.

Application for Registration

The first step is to reserve the proposed name of the Society. Normally, a proposal for same shall be accompanied by the society resolutions and signatures of at least 10 Promoters who have attended the meeting.

The registrar allows the name and grant permission to open a bank account. The Chief Promoter shall collect Share Capital, Entrance Fees from all the promoters and deposit the same in the branch of the bank permitted by the Registrar.

Without prior approval of Registrar, the amount deposited cannot be withdrawn till the society is registered or its registration is refused.

The Chief Promoter should submit registration proposal to the registering authority within a period of 3 months from the date of issue of Letter of Reservation in the name of the proposed society.

Documents required for Registration

Approval by Registrar

On satisfaction of application, the registrar shall register society by issuing a registration certificate. It is essential to take a decision on the registration of the society within a period of two months from the date of the proposal of the society submitted to the Registrar.

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