How do I register a cooperative housing society in Bhilai under the state cooperative societies act?

Detailed Legal Analysis

To register a cooperative housing society in Bhilai, you need to follow the provisions of the Madhya Pradesh Cooperative Societies Act, 1960, as applicable in the state.

The registration process involves several key steps, requirements, and documentation. Below are the detailed steps to facilitate the registration:

• Formation of a Society: Gather at least ten individuals who are willing to be members of the cooperative housing society.
• Drafting the Bye-Laws: Prepare the bye-laws of the society, which should include:
  • Objectives of the society
  • Membership eligibility criteria
  • Rights and responsibilities of members
  • Management structure and elections
  • Procedure for meetings
• Application for Registration: Submit an application to the Registrar of Cooperative Societies along with the following documents:
  • Completed registration application form
  • Proposed bye-laws of the society
  • List of members with their signatures
  • Proof of identity and address of members (Aadhaar, Voter ID, etc.)
  • Affidavit declaring the purpose and objectives of the society
  • Minutes of the first meeting of the members
• Payment of Fees: Pay the requisite registration fee as prescribed under the Madhya Pradesh Cooperative Societies Act, 1960.
• Verification by Registrar: The Registrar will examine the application and documents submitted. If everything is in order, the Registrar will approve the application.
• Issuance of Certificate: Upon approval, the Registrar will issue a certificate of registration. This certificate is proof that the society is legally established.

It is important to note that the society must comply with the provisions mentioned in the Madhya Pradesh Cooperative Societies Act, 1960, as well as any specific local regulations that may apply. The relevant sections of the Act include:

• Section 5: Registration of societies
• Section 6: Application for registration
• Section 7: Bye-laws of societies

After registration, ensure that the society conducts its affairs according to the bye-laws and complies with ongoing regulatory requirements, including annual audits and meetings as stipulated under the Act.