{"id":7338,"date":"2020-04-24T20:05:30","date_gmt":"2020-04-24T14:35:30","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=7338"},"modified":"2024-09-27T12:18:19","modified_gmt":"2024-09-27T06:48:19","slug":"form-b-of-society-registration","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/","title":{"rendered":"What is Form B of Society Registration? Get all the updates on cooperative housing society"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Are you\nplanning to be a homeowner? If yes, then certainly investing in an apartment in\na housing cooperative society will land you on a perfect deal. The visible\nincrease of housing cooperatives and their related legal structure all across\nIndia seems to be an excellent subject of study. It is indeed necessary to adequately\nunderstand the basic ideas of &#8216;housing cooperatives societies,&#8217; and for which,\nthis blog is a great place to start.<\/p>\n\n\n\n<p>&nbsp;A cooperative\nhousing society is a &#8216;membership-based&#8217; legal entity which gets created by one\nor more household\/residential buildings in society. If you plan to be a\nhomeowner, you will be converted as a member of the society by purchasing\nshares or investing in the house cooperatives. From the initial phase, you will\nget the power as a member of the society to occupy a residential unit\/house in\nsociety. <\/p>\n\n\n\n<p>It may differ from a\nresidence or apartment or a house. The motto of housing cooperative society is\nto fulfill the common demand of the housing and improvement of the living\nstandards based on mutual consents. Eventually, cooperative housing adopted the\nsayings of Alexander Dumas, which is- &#8216;One for all, and all for one.&#8217; <\/p>\n\n\n\n<p>According to the\nhistorical aspects, the idea was proposed by the Britishers, who established\nthe very first Co-operative Societies Act in the year of 1904. Although it was\nnot applied to the general population of the land, but it was for farmers only.\n<\/p>\n\n\n\n<p>The first-ever cooperative housing society was founded in 1909 in Bangalore, which got named &#8216;The Bangalore Building Co-operative Society,&#8217; supported by the &#8216;Bombay Co-operative Housing Association during 1913&#8217;. The Central Authority established the<strong><em> <\/em>Cooperative Societies Act in 1912<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_is_the_history_of_Cooperative_Societies\" >What is the history of Cooperative Societies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_are_the_types_of_housing_cooperatives_in_terms_of_Ownership\" >What are the types of housing cooperatives in terms of Ownership?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_are_the_essential_components_of_a_housing_society\" >What are the essential components of a housing society?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_is_the_procedure_to_become_a_member_of_a_housing_society\" >What is the procedure to\nbecome a member of a housing society?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_are_the_Government_schemes_and_legislation\" >What are the Government\nschemes and legislation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_are_the_benefits_of_continuing_a_cooperative_housing_society\" >What are the benefits of\ncontinuing a cooperative housing society?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_is_the_List_of_Documents_needed_for_registration_of_Flat_owners_Housing_Society\" >What is the List of Documents needed for registration of Flat owner&#8217;s Housing Society?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_are_the_additional_documents_need_to_furnish_for_Tenant_Ownership_Housing_Society_Registration\" >What are the additional\ndocuments need to furnish for Tenant Ownership Housing Society Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_are_the_types_of_Members_of_Housing_Cooperative_Societies\" >What are the\ntypes of Members of Housing Cooperative Societies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_is_a_Share_Certificate_in_housing_cooperative_society\" >What is a Share Certificate\nin housing cooperative society?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#What_needs_to_do_if_members_of_housing_cooperative_society_suffer_harassment\" >What needs to\ndo if members of housing cooperative society suffer harassment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/corpbiz.io\/learning\/form-b-of-society-registration\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_history_of_Cooperative_Societies\"><\/span>What is the history of Cooperative Societies?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the post-independence\nera, constant growth has been seen in the housing societies, which was\nsupported by five-year programs. During the year 1969, the National\nCo-operative Housing Federation was created as a standard panel to help housing\nsocieties. It was to make funds and comprehensive insurance, conduct analysis,\nand to help &#8216;State Level Co-operative Housing Federations.&#8217;&nbsp; <\/p>\n\n\n\n<p>Due to rapid\nurbanization and government interference, the housing societies have gained a\nlot of benefits across the state. There was a massive grant of loans and\nassistance on land construction in extension to revisions in cooperative\nhousing laws. It was mainly more beneficial to small-medium housing societies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_housing_cooperatives_in_terms_of_Ownership\"><\/span>What are the types of housing cooperatives in terms of Ownership?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>There are a couple of levels under housing societies which are;&nbsp;<\/strong><\/p>\n\n\n\n<ul>\n<li>At the personal level &#8211; Primary\nhousing societies&nbsp;<\/li>\n\n\n\n<li>At the state level-Apex Co-Operative\nHousing Finance<\/li>\n<\/ul>\n\n\n\n<p>As the terminology\nspeaks very clear about the meaning, there are broadly two kinds which are at a\npersonal and state level. The rest of the cooperatives are those who receive\nfinances from additional sources that have repaid their loans completely. <\/p>\n\n\n\n<p><strong><em>All the kinds are as follows-<\/em><\/strong><\/p>\n\n\n\n<ul>\n<li><strong>Ownership Societies:<\/strong>\nThe Housing Cooperative society operates the residential apartment on a lease\nbasis or on the grounds of Ownership or the societal norms which affiliate the\napartments. <\/li>\n\n\n\n<li><strong>Co-Partnership Societies:<\/strong>\nThese housing societies endure both estate and construction, which are\nsupported with rent or ownership basis and allocate flats\/apartments to their\nmembers of the society. <\/li>\n\n\n\n<li><strong>Mortgage Societies:<\/strong>\nSuch communities lend money to their Shareholders for the creation of\nCooperative houses society. The members of the society have to construct homes\non their own as per there choice and limits. <\/li>\n\n\n\n<li><strong>Construction or Building\nSocieties:<\/strong> This kind of society gives the fund to the\nMember of the Cooperative Society to build their own house as per terms.\nEventually, the fund spent gets recovered as a loan. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_essential_components_of_a_housing_society\"><\/span>What are the essential components of a housing society?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li><strong>Welcoming to all:<\/strong>&nbsp;Notwithstanding\nwith any of your gender, caste, social standing, legislative or religious\nviews, you are competent to enter in a cooperative housing society without any\nprejudices.<\/li>\n\n\n\n<li><strong>Wilful organizations:<\/strong>\nHousing societies are optional in their functioning and purely depends on the\nconcept of &#8216;self-help&#8217; and &#8216;self-governance\/reliance.&#8217; <\/li>\n\n\n\n<li><strong>Representative Ownership:<\/strong>\nCooperative housing society is based on representative Ownership, which\nenhances the motto by getting the society created &#8216;by&#8217; the people, designed\n&#8216;for&#8217; the people and formed &#8216;of&#8217; the people. Moreover, the Office bearers and\nthe representatives of society get chosen over a suitable method of election.<\/li>\n\n\n\n<li><strong>Self-regulation:<\/strong>&nbsp;Cooperative\nhousing societies are administered and supervised by members of society; thus,\nthese societies are genuinely independent and self-sufficient in all aspects of\ncommunal living beings.<\/li>\n\n\n\n<li><strong>Provide Training and learning<\/strong>:\nCooperative societies provide Training and instructions to the members\nconcerning all the super visionary, legal compliance, and advantages of a\ncommunal living so that they can play their roles and responsibilities\nexcellently.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Interactive Help\/Aid:<\/strong>&nbsp;Amalgamations of various local and national\/international structures where cooperatives allow the members to follow the best culture and help them to create healthier living situations.<\/li>\n\n\n\n<li><strong>Interest for members:<\/strong> Society works for the Welfare, freedom and all the accomplishments of every Member of the communal beings. Society always works on the preferential basis of a cooperative without self-interest and the powers also work within its functioning limits.<\/li>\n\n\n\n<li><strong>Monetary contribution:<\/strong>&nbsp;Each member shares proportionately to common properties and subsistence.<\/li>\n\n\n\n<li><strong>Bounded liability:<\/strong> Expenses are distributed equally in support and to the extent of the contribution provided by each Member <\/li>\n\n\n\n<li><strong>Legal existence:<\/strong>&nbsp;A designated cooperative is a legal entity subjected to local as well as national laws<\/li>\n<\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/by-laws-of-society-registration\/\">By-Laws of Society Registration: A Comprehensive Guide<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_procedure_to_become_a_member_of_a_housing_society\"><\/span><strong>What is the procedure to\nbecome a member of a housing society?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Once you get determine\nwhich cooperative housing society you want to be a part of, you require to\napply for membership in the designated form and fulfil the subsequent terms:<\/p>\n\n\n\n<ul>\n<li>You need to give the total\namount of the portioned share number as per shares which are required to access\nthe public domain and the entry fee.<\/li>\n\n\n\n<li>Give all the credentials and\ndata concerning any additional property\/home you own anyplace in the area of\nthe society&#8217;s progress.<\/li>\n\n\n\n<li>Offer a guarantee that the\nflat\/apartment you are funding will be used for the determination for which it\nis being purchased and for no additional purpose.<\/li>\n\n\n\n<li>Declare all your roots of\nincome and earnings.<\/li>\n\n\n\n<li>Provide a certified copy of the\nstamped contract agreement you&#8217;ve entered into between the Promoter or Builders\nor the transferors.<\/li>\n\n\n\n<li>Give any such additional\ndeclarations needed under any &#8216;bye-laws&#8217; of the community.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Government_schemes_and_legislation\"><\/span><strong>What are the Government\nschemes and legislation?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As before-mentioned,\neach state has its own model of bye-laws, which is expected to oblige by all\nthe Member of a cooperative housing society. All cooperative society is\nregulated under the domain of the &#8216;Registrar of Cooperative Societies&#8217;. Some\nadditional legislation that you can match with are as follows-<\/p>\n\n\n\n<ul>\n<li>For all the national-level\nlegislation and strategies, the&nbsp;<strong>Cooperative\nSocieties Act (1912, 1950)&nbsp;<\/strong>will be in effect.<\/li>\n\n\n\n<li>For all the National Federation\nand Multi-State Co-operative Societies, the<strong>&nbsp;Multi-state Co-operative Act (2002) <\/strong><strong>will<\/strong>&nbsp;be in effect.<\/li>\n\n\n\n<li><strong>National Building Code&nbsp;<\/strong>will\nbe in effect for all compliance agendas related to the resistant on buildings\naccountabilities.<\/li>\n\n\n\n<li><strong>Societies Registration Act<\/strong>&nbsp;effects\non the changes followed between plans from state to state.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_continuing_a_cooperative_housing_society\"><\/span><strong>What are the benefits of\ncontinuing a cooperative housing society?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li><strong>Affordable:&nbsp;<\/strong>Housing\nsocieties are accessible and affordable because the cost per Member goes down\nconsiderably in terms of all duties and amenities\/services. <\/li>\n\n\n\n<li><strong>Fair Financial:&nbsp;<\/strong>It\nis not a public company, nor is it a profit-oriented drive. The very idea of a\nhousing society is to implement a fair financial settlement for its members,\nreducing any exploitation and centralized monetary control.<\/li>\n\n\n\n<li><strong>Safe and protected environment:<\/strong>\nHousing societies are a safe and secure setting to live in. It is because since\neach Member is duly screened and examined before granting membership. Any wrongful\nelements are not at all getting entertained by the cooperative societies.<\/li>\n\n\n\n<li><strong>Tax inferences:<\/strong>&nbsp;If\nit is about tax reduction, certainly, it is an asset to be a Member of a\ncooperative housing society. Your membership will grant you to be a homeowner\nof the society, and by this means you can also subtract your tax dues upon\nassets funded by the society.<\/li>\n\n\n\n<li><strong>Democracy:<\/strong>&nbsp;&nbsp;It\nis a representative kind of domain where all the members hold rights to present\ntheir views and opinions right from the beginning, to redevelopment of society.\nIt can be in terms of design and outlining for which all the preservation and\noverhead costs are kept at a minimum and get divided proportionately within\nmembers.<\/li>\n\n\n\n<li><strong>Purely internal<\/strong>:\nExternal intervention is not allowable, such as Landlords. As long as you wish\nto be a homeowner, you are secured to get and enjoy the benefits of residency.\nEven after you leave the premises, your post-occupancy interests will survive\nintact.<\/li>\n\n\n\n<li><strong>Diversity:<\/strong>&nbsp;You\ncan be a part of a more meaningful and more diverse population which\ndeliberately encourages friendship, sociability and social recognition.<\/li>\n\n\n\n<li><strong>Better Livelihood:<\/strong>\nAll the members can avail secured management, amenities and well-maintained\nbuildings in a joint venture such as cooperative housing. Considering the above\nfact, the members are expected to be quick in their actions and should take\ncare of the needs with a sense of Ownership. It also allows voicing of opinion\nfor every Member as per requirements. <\/li>\n\n\n\n<li><strong>Reliable:<\/strong>&nbsp;Cooperative\nsocieties are stable and secure. Members of the society may not be permanent,\nbut as a society have its legal existence and the means to support itself. It\nis a long-term settlement which is ideal for investment as well as habitation.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_List_of_Documents_needed_for_registration_of_Flat_owners_Housing_Society\"><\/span>What is the List of Documents needed for registration of Flat owner&#8217;s Housing Society?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong> Get the exclusive Checklist right here!<\/strong><\/p>\n\n\n\n<ul>\n<li>Details with seventh by twelfth extract of the land or property card.<\/li>\n\n\n\n<li>Obtain Certificate from the competent officials concerning non-agricultural land<\/li>\n\n\n\n<li>Get the order concerning &#8216;applicability\/non-applicability&#8217; of estate ceiling Act<\/li>\n\n\n\n<li>Get the Construction Design certified by the competent officials<\/li>\n\n\n\n<li>Get the Letter of consent for commencing construction<\/li>\n\n\n\n<li>Get the Certificate regarding completion of construction work<\/li>\n\n\n\n<li>Get the &#8216;Development Agreement&#8217; only if the land is obtained for the extension<\/li>\n\n\n\n<li>Get the report by Power of Attorney of the specific area<\/li>\n\n\n\n<li>Get the Title &#8216;search report&#8217; of the land\/area<\/li>\n\n\n\n<li>Get the certified agreement of purchases\/investments of the flat with the required stamp duty.<\/li>\n\n\n\n<li>Get the Architect Certification concerning the construction<\/li>\n\n\n\n<li>Get the Directory of Members<\/li>\n\n\n\n<li>The project of the society<\/li>\n\n\n\n<li>Get the Certificate\/application for reserving the name<\/li>\n\n\n\n<li>At least ten members are required for the <a href=\"https:\/\/corpbiz.io\/society-registration\" title=\"society registration online\"><strong>registration of society<\/strong><\/a>. Yet, the government has also presented their consent subjected to some rare circumstances for the Housing society for less than ten members under specific provisions.<\/li>\n\n\n\n<li>To get the registration proposal done, sixty per cent of the promoters need to provide their signatures.<\/li>\n\n\n\n<li>Guarantee letter only if the land is delivered by the government or any Business agency registered under government.<\/li>\n\n\n\n<li>&#8216;No objection certificates&#8217; need to be obtained from the Charitable Commissioner.<\/li>\n\n\n\n<li>Details should be supported with the application for Registering Society under FORM A<\/li>\n\n\n\n<li>Details should be supported with the demand for Society under B Form<\/li>\n\n\n\n<li>Furnish all the details from the table given under C Form<\/li>\n\n\n\n<li>All the financial statements and audited Report of Accounts of the Members under D Form<\/li>\n\n\n\n<li>Notarized &#8216;Guarantee letter&#8217; by the &#8216;Chief Promoter&#8217; of the Society accompanying with stamp Paper- Rs. 100<\/li>\n\n\n\n<li>Notarized &#8216;Guarantee letter&#8217; by the &#8216;Builder&#8217;, &#8216;Promoter&#8217; attending with stamp Paper- Rs. 100<\/li>\n\n\n\n<li>Get the essential Affidavits of Members witnessing at least 10 Promoters<\/li>\n\n\n\n<li>Two copies of bye-laws of the society supported by the &#8220;Commissioner, Co-operation and Registrar of Cooperative Societies.&#8221; <\/li>\n\n\n\n<li>Get the proof of bank stability of the promoter post<\/li>\n\n\n\n<li>Get the Challan of &#8216;Rs. 2500\/-&#8216; to be placed in the Government Treasury as Registration fee concerning the Housing Society of Underprivileged class.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_additional_documents_need_to_furnish_for_Tenant_Ownership_Housing_Society_Registration\"><\/span><strong>What are the additional\ndocuments need to furnish for Tenant Ownership Housing Society Registration?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>If you are registering for Tenant Ownership Housing Society, then, in that case, you need to obtain all the documents listed above, plus the Layout Plan and Zone Certificate from the competent power, reflecting the authoritative area in which land is located.<\/li>\n\n\n\n<li>If the builder or promoter is not intending to enroll the Co-operative Housing Society later in that event, the application for certification of society should get presented in &#8216;Form  6&#8217; to the &#8216;District Deputy Registrar&#8217; of the locality.&nbsp; <\/li>\n\n\n\n<li>While submitting the said plan, all the layouts should get notarized on stamp paper of Rs. 200 and an Indemnity Bond of the members would be required as well.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_Members_of_Housing_Cooperative_Societies\"><\/span>What are the\ntypes of Members of Housing Cooperative Societies?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Under\nthe Housing Cooperative Societies usually, there are four classes of\nmembership:<\/p>\n\n\n\n<ul>\n<li><strong>Regular Member:&nbsp;<\/strong>any\nmember shall be named as an Ordinary\/regular Member who holds the house\naccommodation of the housing cooperative societies for his own conduct.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Associate Member:&nbsp;<\/strong>As\nstated above, the associate members have to make a report concerning who will\nbe the second associate member. For the reason of the non-availability of the\nprimary Member, the second Member will display the activeness and will step in\nthe shoes of the Primary Member. Still, the responsibility as per the\n&#8220;Act, Rules, and Bye-laws&#8221; of the cooperative will bear exclusively\nand simultaneously.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Patron Members:<\/strong>\nAs the name implies, this kind of Member gets their membership acknowledged by\nthe housing society on the grounds of compassion or sympathy.&nbsp; <\/li>\n<\/ul>\n\n\n\n<ul>\n<li><strong>Suggested Members:<\/strong>&nbsp;The\nPatron or Nominal Members are not allowed to decide anything processing on the\nmembers of any committee. Patron\/Nominal members do not hold any apartments or\nhousing accommodations in a cooperative society, except on certain\ncircumstances owned such as a garage, shop, etc. in the housing cooperative.<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>The Patron and Suggested\nmembers do not hold absolute advantages and rights on the assets which are\nowned by the regular\/ordinary members.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_Share_Certificate_in_housing_cooperative_society\"><\/span><strong>What is a Share Certificate\nin housing cooperative society?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A\nshare certificate is a legitimate certification supplied by a housing society\nproving that a particular member is the certified partner of shares in the\ncooperative-housing society. The Member gets allotted with certain shares of the\nentire share capital. Here is the Checklist for issuing the Share Certificate<\/p>\n\n\n\n<ul>\n<li>Should be cleared of lieu.<\/li>\n\n\n\n<li>The transfer deed from the builder must be in hold of the society.<\/li>\n\n\n\n<li>It should have the seal of the society and signed by the Chairman, Secretary, and Member of the committee.<\/li>\n\n\n\n<li>The title and the order of names for primary or associate Member should be visible in the share certificate precisely as the way it is on the original sale agreement signed among the member-builder.<\/li>\n\n\n\n<li>The Member should repay if the society faces any loans. It should look upon complete paperwork and unblock any arrears that need to be paid the society.<\/li>\n\n\n\n<li>Member has to furnish an indemnity bond declaring that he\/she has not assigned the share certificate to anyone else, or produced any charge or mortgage on the shared document in support of any bank, employer, and any person or investment agency.<\/li>\n\n\n\n<li>The Member obliged to perform the original sale agreement while assembling the share certificate.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_needs_to_do_if_members_of_housing_cooperative_society_suffer_harassment\"><\/span>What needs to\ndo if members of housing cooperative society suffer harassment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Try to contact the Management Committee of the particular Housing Cooperative Society<\/li>\n\n\n\n<li>If the management committee does not take appropriate action, approach the Consumer Courts<\/li>\n\n\n\n<li>&nbsp;If the harassment is severe, contact the Police Authorities<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Housing\nis one of the fundamental needs of humankind in courses of safety, assurance,\nself-esteem, social standing, cultural connections, satisfaction, and\nperformance. Human growth and improvement in the kind of life are the ultimate\nintentions of social division planning. Therefore, it guarantees that\nappropriate strategies and programs are formulated, and sufficient investment\nis administered by the state so that all sections of the population can obtain\nessential commodities and tools based on their needs and not on the capacity to\npay.<\/p>\n\n\n\n<p>The housing cooperative societies perform many active administration committees to defend their members from any difficulty or harassment in the bases of the cooperative society. It continues even though the members of the administration committee take unfair advantage of their situation and harass the other members by their activities. We at <a href=\"https:\/\/corpbiz.io\/\"><strong><em>Corpbiz <\/em><\/strong><\/a>have experienced professionals to help you with the process of the Co-operative Housing Society. Our professional will ensure the successful and timely completion of your work.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/society-registration-india-documents-required-and-procedure\/\">Society Registration in India: Know the Entire Procedure and List of Documents Required\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you planning to be a homeowner? If yes, then certainly investing in an apartment in a housing cooperative society will land you on a perfect deal. The visible increase of housing cooperatives and their related legal structure all across India seems to be an excellent subject of study. It is indeed necessary to adequately [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":7341,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,240],"tags":[520],"acf":{"service_id":"0"},"authorName":"Archita Bhattacharjee","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/WhatsApp-Image-2020-03-18-at-11.26.19-AM-1.jpeg","authorDescription":"Archita Bhattacharjee is working as Legal Analyst (Team Lead, Research &amp; Development) at Corpbiz and has proving experience about 2 years as Corporate Legal Researcher in law firms as well as Rajya Sabha and authors in diverse publications. She has refined her skills by representing India in Paris, France and the University of Leiden over implications of International Humanitarian and Criminal Law being certified member of many Legal Centers.","postViews":8538,"readingTime":10,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/7338"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=7338"}],"version-history":[{"count":8,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/7338\/revisions"}],"predecessor-version":[{"id":66494,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/7338\/revisions\/66494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/7341"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=7338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=7338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=7338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}