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

Detailed Legal Analysis

To register a cooperative housing society in Davangere under the Karnataka Cooperative Societies Act, 1959, you must follow a series of steps to ensure compliance with the law.

Here are the key steps and requirements for registering a cooperative housing society:

• Formation of a Promoter Group: Gather a minimum of 10 individuals who are willing to be members of the society. They should be of legal age and competent to contract.
• Drafting of Bye-laws: Prepare the bye-laws of the society, which should outline the objectives, membership criteria, rights, and responsibilities of the members, management structure, and procedural rules. The bye-laws must comply with the model bye-laws provided by the Registrar under Section 10 of the Karnataka Cooperative Societies Act, 1959.
• Application for Registration: Submit an application for registration to the Registrar of Cooperative Societies in Davangere. This application should include:
• A copy of the proposed bye-laws.
• A list of the names and addresses of the members.
• The minutes of the first general meeting where the society was formed.
• Details of the property or land on which the housing society will be established.
• Payment of Fees: Pay the requisite registration fee as stipulated by the Registrar, which varies based on the number of members.
• Verification by the Registrar: The Registrar will examine the application, the bye-laws, and the documents submitted. If everything is in order, the Registrar will issue a certificate of registration under Section 10 of the Karnataka Cooperative Societies Act, 1959.
• Formation of the Managing Committee: After registration, hold a general meeting to elect the managing committee as per the bye-laws. This committee will be responsible for the administration of the society.
• Compliance with Ongoing Requirements: Ensure ongoing compliance with the Karnataka Cooperative Societies Act, 1959, including regular filing of annual returns and financial statements as required under Section 31.

By following these steps, you can successfully register a cooperative housing society in Davangere in accordance with the Karnataka Cooperative Societies Act, 1959. It is advisable to consult a legal expert for assistance during the registration process to ensure compliance with all legal requirements.