Resources
Practical guidance for housing societies, managing committees, and staying compliant.
We have published below three articles on transfer fee earlier where we have shared details about transfer fee amount and process to be followed by Society Transfer Process in Service Society Transfer Fee by Cooperative Housing Society Major changes in Gujarat Co-operative Societ…
For revised guidelines refer Article: Revised Rules for Transfer Fee In earlier articles we have discussed “ Types of Cooperative Societies ” and “ Transfer Process in Service Society “. This article is about Transfer Fee charged by Housing Societies, its history, reason for allo…
In the article we are sharing the major amendment in Gujarart Cooperative Society Act 1961 related to Housing Societies and Housing Service Societies. It shall come into force on such date as the State Government may, by notification in the Official Gazette Definition added for C…
Accounting errors can occur for various reasons, ranging from simple mistakes to more complex issues. Here are some common errors accountants might make: Data Entry Errors: Accidentally entering incorrect amounts, or dates. This could result from typographical errors, transpositi…
As discussed in article “ Types of Registers to be Maintained by Cooperative Society “, societies are required to maintain proper records. In this article we are further detailing what are some of the goods practice in accounting, which we have learned over the years, if followed…
For Revised Guidelines Refer Article: Revised Rules for Transfer Fee Ownership of property changes because of many reasons. Once property is acquired by New owner, it requires him to follow certain process through which he becomes a member of the Housing / Commercial Service Soci…
Definitions Gujarat Co-operative Societies Act, 1961 “ Co-operative Bank ” means a society registered under The Gujarat Co-operative Societies Act, 1961 and doing business of banking, as defined in clause (b) of sub-section (1) of Section 5 of the Banking Companies Act, 1949 (X o…
Definition as per Reserve Bank of India Act, 1934 “ Scheduled Bank ” means a bank included in the Second Schedule ; Banking Regulation Act 1949 “Co-operative bank” means a state co-operative bank, a central co-operative bank and a primary co-operative bank; “ Co-operative Credit…
In the below article we have answers some of the questions which we regularly get from office bearers and members of a cooperative society. 1. Members want election based on position (Chairman, Secretary, Treasurer etc.) Answer: As per Byelaws and Election rules , member elect co…
