Category
Articles focusing on Co Operative Society.
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…
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…
Meaning of Related Party Cooperative society does not have definition of Related Party. Section 40A(2) of Income Tax Act 1961 and Companies Act has a definition for the same . In simple terms a related party transaction means: A deal or arrangement made between two parties who ar…
Definition A quorum is the minimum number of people needed to hold meetings or make decisions during certain meetings Types of Meeting in Cooperative Society Annual General Meeting (AGM) and Special General Meeting (SGM) Committee Meetings Gujarat Cooperative Society Rules Rule 5…
1. Tenant Co-partnership Type A ‘Tenant Co-partnership Society’ is a society where the land is owned by the society and upon which houses / building / office are constructed by the society for the benefit of its members. In such society, the ownership of land and the building in…
