Registration of Society with less than 10 Promoters

By Advocate Chhaya Dhuri

Law Editor

The condition for the registration of Co-operative Society is that no society can be registered under the provisions of Section 6 (1) of the Maharashtra Co-Operative Societies Act, 1960. Normally minimum 60% of the flat purchasers/ promoters are required to join and sign the registration proposal if building is constructed by builder/developer.

Sometime in Co-operative Housing Society having less persons/ purchasers in such casses at least 10 persons/purchasers (each of such person being a member of a different family), who are qualified to be members under the Maharashtra Co-Operative Societies Act, 1960 and who reside in the area of operation of the society.

There are some provision in the Bye-laws that the number of members in the society should not exceed the number of flats. Sometimes a situation may arise when a building consist of less than 10 flats in such cases the registration becomes difficult. The Promoters, however, prefer only a Co-Operative Housing Society for the management of the property to any other form of Organization.

Similar Articles

Leave a Reply