What are the rules of co-operative society?
1988 Revised Edition. C T.
Which co-operative Society Act applicable in state of Gujarat?
1. Short title and Commencement. – (1) This Act may be called the Gujarat Cooperative Societies Act, 1961. (2) It extends to the whole of the State of Gujarat.
Who is the final authority of a cooperative society?
Constitution of a General Body: The final authority of the Society shall vest in the General Body. (i) Each member-society shall be represented by one delegate elected to the general body as specified in the Bye-laws of the society; NOTE: No individual can become member of a National Cooperative Society.
What is the required vote for amendment of the provisions of by laws of a cooperative?
Unless otherwise prescribed by this Code and for legitimate purposes, any provision or matter stated in the articles of cooperation and by laws may be amended by two-thirds (2/3) vote of all the members with voting rights, without prejudice to the right of the dissenting members to exercise their right to withdraw …
What is Gujarat society case?
Gulbarg Society Massacre | Gujarat riots. Gulbarg society during Godhra riots in Gujarat. An accused in the 2002 Gulberg Society massacre case has been acquitted by a special court here for lack of evidence. Ashish Pandey, the accused, was arrested on January 10, 2018, after being on the run for almost 16 years.
Who can be member of Cooperative Housing society?
Societies Act, 1960. An individual completing the age of 18, mentally sound as well as competent to contract under Indian Contract Act 1872.
Does cooperative societies come under RBI?
Cooperative banks are currently under the dual control of cooperative societies as well as RBI. While the role of the cooperative society includes incorporation, registration, management, audit, supersession of board of directors and liquidation, RBI is responsible for regulatory functions.
Which is the bye law of Cooperative Housing Society?
One of the famous bye laws of cooperative housing society is Maharashtra’s bye-laws. The cooperative housing society bye-laws PDF can be viewed or downloaded by clicking this link. How to form an Apartment Association? In order to form an apartment association, the owners of the particular flat must register themselves as a society.
What are the laws for a housing society?
All these housing society rules and regulations and the housing society bye laws must adhere to the Co-operative act or other laws in force in that region. A Society may frame its own bye-laws but these by laws of society must not contradict the Societies Registration Act of the concerned state.
What does Central Bank mean in Co-operative Society Act?
(2) “bye-laws” means bye-laws registered under this Act and for the time being in force, and include registered amendments of such bye-laws; (3) “Central Bank” means a co-operative bank, the objects of which include the creation of funds to be loaned to other societies;
What does it mean if there is no housing society?
A building without a housing society usually indicates generally that there is a lack of interest or a dispute between them if we are buying a flat where there is no society the problem must be found out. One of the famous bye laws of cooperative housing society is Maharashtra’s bye-laws.