REGISTRATION OF HOUSING SOCIETY (PART 6)

PROCEDURE FOR FORMATION OF SOCIETY

In all these four types of societies, the procedure to be follower for formulation of registration proposals slightly differs. The requirement in respect of each type of co-operative housing society’s societies needs to be properly understood by every promoter or the professional, charged with the responsibility of getting the society registered.

For the purpose of registration of the Societies the City of Mumbai has been divided as per the Municipal Ward. There is a Deputy or Assistant Registrar of Co-operative Society for each Wards who is the Registration Authority for the Co-operative Society in that Ward. Normally the office of such Registration Authority (RA) is situated within the limits of such Ward. However if no space is available for the office of the RA in any ward the office of the RA of such Ward is at the office of Deputy.

Registrar Co-operative Societies Malhotra House 6^th floor opposite GPO Mumbai. In   other places in each Taluka a Deputy or Assistant Registrar of Co-operative Societies is assigned the duties of registration and supervision of Co-operative Societies.

(1)MEETING OF PROMOTORS AND APPONTMENT OF CHIEF PROMOTER:

The first step to registrar a Housing Society is that minimum 10 adult individuals from desiring to from a Society should gather and hold meeting to (a) select a provisional committee and elect a Chief Promoter for formation of a society and (b) select a name for such Society with three alternatives to pass appropriate resolutions in that behalf. In case of an Open Plot Society, the Chief promoter should be authorised at such meeting to

(a)    Appoint architects and building contractors

(b)   Negotiate and acquire a plot and

(c)    Get the plans and estimates prepared for such society. The specimen forms of resolution to elect a Chief promoter and to give him authority as aforesaid set out hereunder as  “Annexure1”

(II) NAME RESERVATION:

The second step would be to apply to the registration authority of name for the society and obtain letter from the RA in that connation. The resolutions passed at the promoters meeting as above should accompany such application for reservation of name as aforesaid is set out hereunder “Annexure2”. The letter reserving the name of the society shall be valid for 3 months. The validity of the name is normally extended on an application for 1 or 2 father terms of 3 months each.

(III)BANK ACCOUNT AND DEPOSITS:

The third step would be to (a) open a bank account in the name of the proposed Society as per the RA’s directions in that behalf that shall contained in the letter reserving the name and (b) deposit therein the entrance fee share money and the amount recovered for preliminary expenses from the promoters and obtain the certificate from such bank in respect of such deposits. Normally the directions of the RA are to open account with a proximate branch of the Diastral Co-operative Bank or any other urban Co-operative bank.

(IV)REGISATION FEE:

The fourth step is to deposit the registration fee with the Reserve Bank of India and to obtain the receipted challan in that behalf. The registration fee for Housing Society is Rs. 2500/- and for general Society is Rs.1250/-.