Resources
Practical guidance for housing societies, managing committees, and staying compliant.
The Gujarat Co-operative Societies Act, Rules and Byelaws has various provisions which can be invoked by members / registrar to remove committee members from their position. In this article we have listed down all these provisions. 1. Not Eligible to Continue : Byelaws Section 35…
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…
Definition As per Gujarat Cooperative Societies Act, 1961 and Amendments “Member” means a person joining in an application for the registration of a cooperative society which is subsequently registered, or a person, duly admitted to membership of a society after registration, and…
Sec 12 of Gujarat Cooperative Society Act, 1961 The Registrar may classify all societies in such manners, and into such classes, as he think fit; and the classification of a society under any head of classification by the Registrar shall be final. Rule 4.3 of The Gujarat Cooperat…
As per Sec 37 of The Gujarat Co-operative Societies Rules-1965, every Housing / Service / Commercial society has to maintain registers and documents in society records. These documents can mainly broken down to Member Related Documents: Depending on Documents Financial Documents:…
To dispose of an application of becoming a member and to dispose of the application for resignation. To dispose of application for purchase of and transfer of shares. To make appointments of the Accountants, Estate Manager, Solicitors, Architects, Surveyors, and other required em…
To do all the transactions by keeping the instructions in mind issued by the Chairman from time to time. To call upon the General meeting and the meetings of the committee & sub-committees as per the instructions of the Chairman. To remain present in the meeting of the Commit…
