Condition for corporation Bodies for Membership of a Society

corporateBy Accommodation Times News Services

A Firm, Company or Other Body Corporate, registered any Law for the time being in force, and which is eligible for the membership of a society shall comply with the following conditions:-1.It has sent a agreement entered into by it with the Promoter Builder under section 4 of the Maharashtra Ownership Flats Act, 1963 ( This condition is applicable to flat owner society). 2.It has sent along with it’s application for membership another application in the prescribed form nominal membership of it’s employee who is going to occupy the flat on it’s behalf. The application should also accompany a certified true copy of the authority authorizing the employee to occupy the flat on it’s behalf. 3.It has paid alongwith the application an entrance fee of Rs.10. 4.It has subscribed to at least ten fully paid up share of the society (In case of flat owner society) (and at least five fully paid-up shares in case of open plot type of society). 5.The firm or the company has complied with the conditions mentioned in the Notifications issued by the State Government from time to time under the second proviso to section 22 of the Maharashtra Co-operative Societies Act, 1960. 6.The firm of the company has furnished the undertaking/declarations in the prescribed form required under any law for the time being in force alongwith the application for membership.



The Form of Application for Membership of the Co-operative Housing Society by A Firm a Company or any other Body Corporate.

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