CALL US : 044 - 4265 2238, 90438 42627, 9094049786
MAIL US : ch40coophousesty@gmail.com

CACHS.IN

TRUELY HOUSING SOCIETY

facebook twitter blog
banner

Membership

A society shall have following categories of members:-

  • Ordinary members
  • Nominal/ associate members
Who can be ordinary members :

1. Any person who resides within the area of operation of the society and who genuinely need the services provided by the society and whose interest does not conflict with the interest of the society.

2. No person shall be admitted as a member of a multi-State co-operative society except the following namely:-

  • An individual, competent to contract under section 11 of the Indian Contract Act, 1872;
  • Any multi-State co-operative society or any co-operative society;(Applies in case of federal and national society)
  • The Central Government;
  • A State Government;
  • The National Co-operative Development Corporation established under the National Cooperative Development Corporation Act, 1962;
  • Any other corporation owned or controlled by the Government
  • Any Government company as defined in section 617 of the Companies Act, 1956; Such class or classes of persons or association of persons may be permitted by the Central Registrar having regard to the nature and activities of a multi-State co-operative society.

adThis is illustrative list and society should clearly indicate the category whom they intend to make Member. Prior consent of Government or Govt. Institutions/ Company would be necessary before including them as members in the Bye-laws.


  • No right of membership shall be exercisable until a person has made such payments to the Society in respect of membership or acquired such interest in the society as may be prescribed by the society in its Bye-laws as per the provisions of the Act and rules.
  • Every member shall pay an admission fee as specified in the bye-laws of the society.

adNo individual person shall be eligible for admission as a member of a national co-operative society or a federal
cooperative

Nominal or Associate Member

Society may, in the interest of promotion of the business of the society, admit a person as nominal member or associate member on payment of fee of Rs100 only.

Provided that such members will not be entitled to subscribe to the share capital of the society.
They will not be allowed to have any interest in the management of the society including right to vote, contest election as director of the board or participate in the general body meetings of the society.

Application

The application for membership of the society shall be submitted by the applicant to the Chief Executive of the society in the prescribed form and at least ----% of the value of shares to be deposited by the applicant at the time of submission of application. Disposal :

The applications for membership of the society found complete in all respects shall be disposed of within the period of four months from the date of receipt of the application by the society. The same shall be communicated to the applicant within fifteen days of the decision by Registered Post.

A member may, with the approval of the Board of Directors, transfer its shares to another member of the multi-State cooperative society. A fee of Rs.100 per share as mentioned in the Bye-laws, shall be payable to the society for each such transfer.

The Board may, on application, by a Member:
  • Approve conversion of shares allotted to it or a part thereof into those of other denominations subject to such conditions as the Board may decide to impose;
  • Consolidate all or some of the partly paid shares already allotted to member
Cessation of membership

The membership of the cooperative society may cease in case of :-

  • Resignation or death of the member.
  • Cancellation of registration of the member society
  • All the shares are transferred to another person/ society
  • Expelled by the general body
  • Incurring any of the disqualifications of membership.
Withdrawal from membership

Any member of the society may withdraw from membership of the society only after 2 years by giving at least a three months notice and duly approved by the Board of the society.