What is the procedure for Registration of a Society?
The procedure for Registration of a Society begins with electing a Chief Promoter in a meeting of the Promoters. The builder under the Flat Owners type of Co-operative society has the first right to act as the chief promoter. The developer / flat purchasers should call for a meeting of the Promoters by issuing the notice under Agenda of the meeting giving at least 14 days notice tothe Promoters. In this meeting, a Chief Promoter is elected who can exercise such powers and carry out such functions as are mentioned in the minutes of the Promoters of the proposed Co-operative Society. After electing the Chief Promoter, the proposed name of the society has to be decided by the Promoters.
What are the documents required for Registration of a Society?
The documents that are normally to be submitted to the Registering Authorities are as under :
Application for registration of Society in Form A along with Statement A. Enclosure to application for Registration as per Rule 4(1) of Maharashtra Co-operative Societies Rules, 1961
Information about proposed society in Statement 'B' (vide Govt. Circular dated 2-5-1980)
Information about promoter members of the proposed society in Statement 'C' (vide Govt. Circular dt. 2-5-1980).
A Statement of Accounts as per Form D
Model Bye-Laws
Bank Balance Certificate
R.B.I./Treasury Challan for paymentt of Registration Fee of Rs. 500/-
Title Clearance Certificate from an Advocate
A true copy of the approved Building Plan
Letter of Authority granting permission to commence construction work / Completion Certificate (if applicable)
Affidavit on Rs. 20/- Stamp Paper from at least 10 promoter members to the effect that they are residing in the area of operation of the Society (Proposed), made before a Competent Authority
Affidavit from the Chief Promoter on Stamp Paper of Rs. 20/- executed before the Competent Authority in Form 'Y'
Certified True Copy of Agreement made on Stamp Paper and Registered between the builder, promoter and purchasers of flat
Where the promoter members are firms/companies, a letter of authority from such firms / companies authorizing the promoter to sign on behalf of firm / company
In case of such proposed societies, names of 60% of the flat holders of the total number of flats constructed or proposed to be constructed as per the plan approved, must be included in Statement 'A' to be attached to the Registration Proposal
What happens after submission of documents?
Once the Registrar registers the society it becomes a separate legal entity. Thereafter, the management of the affairs of the society is carried out by the managing committee which is elected by the general body meeting of the society