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

Detailed Legal Analysis

To register a cooperative housing society in Nagpur under the Maharashtra Cooperative Societies Act, 1960, you must follow a specific process outlined by the Act.

Here are the steps and requirements for registration:

• Formation of the Society: Gather a minimum of 10 individuals who are willing to be members of the cooperative housing society.
• Draft the Bye-laws: Prepare the society's bye-laws, which should include the following:
  • Name of the society
  • Aims and objectives
  • Membership eligibility
  • Rights and liabilities of members
  • Management structure
  • Rules for meetings and voting
• Application for Registration: Submit an application for registration to the Registrar of Cooperative Societies, along with the following documents:
  • Application form (Form A as per Rule 7 of the Maharashtra Cooperative Societies Rules, 1961)
  • Bye-laws of the society
  • List of founding members with details (name, address, occupation)
  • Address proof of the registered office
  • Affidavit stating that the society will be formed in accordance with the Act
• Payment of Fees: Pay the prescribed registration fee as per the Maharashtra Cooperative Societies (Amendment) Act, 2019, which varies depending on the type and size of the society.
• Verification Process: The Registrar will verify the application and documents submitted. If everything is in order, the Registrar will approve the registration.
• Issuance of Certificate: Upon approval, a registration certificate will be issued, signifying that the cooperative housing society is legally established.
• Post-Registration Compliance: After registration, the society must comply with various regulatory requirements:
  • Hold the first general meeting to elect the managing committee
  • Open a bank account
  • Maintain proper books of accounts and records
  • File annual returns as required under Section 31 of the Maharashtra Cooperative Societies Act, 1960

By adhering to these steps and ensuring compliance with the relevant provisions of the Maharashtra Cooperative Societies Act, 1960, you can successfully register a cooperative housing society in Nagpur.