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FAQs

  • Under the amended provisions a Hindu Undivided Family (HUF), an Association of a person (AOP), Body of Individual (BOI), Family Trust and any other legal body which can hold immovable property.
  • Provisional member means a nominee temporarily admitted, on the basis of nomination filed by a member after death of such member, till the time the legal heir/s will be admitted.
  • Joint member must have share, right, title and interest in the flat jointly but whose name does not stand first in the share certificate.
  • Now the Associate Members can only be form the family members and the name of the Associate Member cannot be endorsed on the Share Certificate
  • Maharashtra Co-operative Societies Act, 1960 has been amended effect from 9th March 2019 under which a Special Chapter XIII-B has been added to the Act exclusively applicable to Co-operative Housing Societies.

Membership & Shares

Answer:

The persons who join as promoters at the time of registration of society are deemed to be members of the registered society. The persons who are flat owners but did not join as promoter Members need to apply to the Society for Membership of Society and allotment of Shares.

Answer:

Member who fulfills the following conditions can become member of the CHS: • A persons who is competent to contact under the Indian Contract Act 1872, or • A firm company or any other body corporate constituted under any law for the time being in force, or a society registered under the societies Registration Act 1860, or • A society registered or deemed to be registered under MCS Act 1960, or • A State Government or the Central Government, or • A Local Authority, or • A public trust registered or to be registered.

Answer:

Procedure for becoming member. • An application in the prescribed form giving complete details shall be submitted to CHS • Shall pay the value of ten shares of Rs 50/- each along with payment of Rs 100/- towards entrance fee. • Undertaking as prescribed in the bye law are to be submitted. • A copy of stamped and registered purchased agreement.  Undertaking as prescribed in the bye law are to be submitted.  A copy of stamped and registered purchased agreement.

Answer:

A person whose membership application is not accepted by CHS may apply to the Registrar u/s 23 (1A) in the prescribed H-1 form

Answer:

On failure of CHS to dispose of the membership of a person within a period of three months m he may apply to the Registrar u/s 22 (2).

Answer:

Upto 60% of the total membership is allowed to firm, company and body corporate members.

Answer:

Total no of tenements allotted to firm and companies shall not exceed 50% of the total no of tenements in a CHS.

Answer:

To become associate member person shall submit : • An application in prescribed form as provided in the model bye laws to the society • No Objection Certificate from the original member • Entrance fee Rs 100/-

Answer:

Person whose membership application for nominal membership is rejected he may apply to the Registrar u/s 23 (2) of the MCS Act 1960.

Answer:

Person whose membership application for associate membership is rejected, he may apply to the registrar u/s 23 (2) of the MCS Act 1960.

Answer:

Person whose name stands first in the share certificate shall exercise the right of the membership in the CHS.

Answer:

Associate member may exercise the right of membership, if original member has authorised him in writing.

Answer:

Section 32 of the MCS Act 1960 provides the right to the member to see the books and account of the society and obtain copies of the documents on payment of copying charges as prescribed in the bye laws.

Answer:

After death of “A” and on granting the application for membership of “C” and name of “C” will stand first in the Share Certificate not the name of “B”

Answer:

. As per the provisions laid down u/s 30 of MCS Act 1960 CHS shall consider the application of 'A' for membership

Answer:

CHS can reject the membership application on the ground of non-payment of stamp duty.

Answer:

No CHS cannot reject the application for membership on the basis that applicant belongs to particular grouped, if he is otherwise qualified to become member

Answer:

No, CHS cannot reject the application for membership on the basis that applicant belongs to particular grouped if he is otherwise qualified to become member

Latest Articles

Filing of Returns and Reports by Co-operative Societies under GST Laws

Input Tax Credit available to Co-operative Societies

Reverse Charge Mechanism under GST Regime applicable to Co-operative Societies

Maintenance Charges levied by Co-operative Societies and the GST thereon

Liability of Co-operative Societies under GST Laws

Applicability of GST laws to Co-operative Societies

Nominal Member in Co-operative Housing Society

Associate membership in a Co-operative Housing and Premises Society

FAQs

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