reg. of op co op hsg society

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2011 thanks..

my query are as mention below for registration of co op society.

1. "pawanhans co op hsg sco. is reg. with co cop society department.

2. "pawanhans co op hsg sco. has 7 different building (unit)with 7 different name like "A Complex" "B Complex" "C Complex" ETC. .

3. each building has 12 floor.

Query

Now Member of each Complex want to make Separate Co op Hsg Society in the Name of its Complex like. ""pawanhans co op hsg sco. A Complex." ETC.

Further They Also want to continue present entire Co Op Hsg Society "pawanhans co op
hsg sco."

Reason of above is Some General maintains Expenditure for all the building and overall co op hsg society is different.

Queastion:

Can Member constitute and run both Separate and as a whole co op hsg society.

and if yes.

can member of each building can issue "shares certificate" of its complex after registration of its building as separate co op hsg society.

thanks and regard.

thanks for your last replay.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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25 June 2011 Each building can have their separate Co-operative Housing Society and can issue share certificate to their members individually. Keep in mind that there is no provision in the act to issue share certificate to a HUF. Flats also cannot be registered in the name of HUF.

In addition to the above all Co-operatives can have a joint Co-operative Society also in which no shares certificated to be issued to the individual members but the shares shall be issued in the name of Chairman or Secretary of the respective Co-operative Society.

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