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

Detailed Legal Analysis

To register a cooperative housing society in Mangalore, you must follow the procedures outlined in the Karnataka Cooperative Societies Act, 1959, which governs the registration of cooperative societies in the state of Karnataka.

The following steps and requirements must be fulfilled to successfully register a cooperative housing society:

• Formation of a Promoter Group: A minimum of 10 individuals (who are members of the society) must come together to form the promoter group.
• Drafting the Bye-Laws: Prepare the bye-laws of the society, which should include details such as:
  • Name and address of the society
  • Aim and objectives of the society
  • Membership qualifications
  • Rights and duties of members
  • Election procedures for the managing committee
  • Provisions for meetings and financial management
• Application for Registration: Submit an application to the Registrar of Cooperative Societies in the prescribed format, along with the following documents:
  • Application form duly filled
  • Bye-laws of the society
  • List of promoters along with their consent
  • Affidavit of the promoters
  • Proof of the residential addresses of the promoters
  • Any other documents specified by the Registrar
• Payment of Registration Fee: Pay the prescribed registration fee as determined by the Karnataka Cooperative Societies Act.
• Verification and Approval: The Registrar will examine the application and documents. If everything is in order, the Registrar will issue a certificate of registration.
• Obtain Certificate of Registration: Once registered, the society will receive a certificate of registration, making it a legal entity under the Karnataka Cooperative Societies Act, 1959 (Section 7).

After registration, the society will need to comply with ongoing requirements, such as holding annual general meetings, maintaining financial records, and filing annual returns as stipulated under the Act.

For further guidance, refer to the Karnataka Cooperative Societies Act, 1959, particularly Sections 7 and 8, which deal with the registration process and the requirements for cooperative societies.