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

Detailed Legal Analysis

To register a cooperative housing society in Srinagar, you need to follow the provisions set out in the Jammu and Kashmir Cooperative Societies Act, 1989, which governs the formation and registration of cooperative societies in the region.

Here are the steps and requirements to register a cooperative housing society:

• Formation of a Promoter Group: A minimum of 10 individuals are required to form a cooperative housing society. These individuals should be willing to become members of the society.
• Drafting of Bye-Laws: Prepare a set of bye-laws that will govern the functioning of the society. This document must outline the objectives, membership, management structure, and rules for conducting meetings. The bye-laws should comply with the provisions of the Jammu and Kashmir Cooperative Societies Act, 1989.
• Application for Registration: Submit an application for registration of the society to the Registrar of Cooperative Societies. This application should include:
  • Names, addresses, and occupations of the members.
  • Proposed name of the society.
  • Bye-laws of the society.
  • Details of the address of the registered office.
• Payment of Registration Fees: Along with the application, a registration fee as specified under the Jammu and Kashmir Cooperative Societies Act must be paid. The fee amount may vary based on the type and size of the society.
• Verification Process: The Registrar will verify the application and the bye-laws. They may ask for additional information or modifications to ensure compliance with the act.
• Issuance of Certificate: If the Registrar is satisfied with the application and documents, they will issue a certificate of registration. This certificate is proof that the cooperative housing society is legally recognized.
• Post-Registration Compliance: After registration, the society must conduct its first general meeting to elect a managing committee and adopt the bye-laws formally. It is also required to maintain proper accounts and conduct annual audits as prescribed by the act.

For detailed provisions, refer to the Jammu and Kashmir Cooperative Societies Act, 1989, particularly sections concerning registration (Sections 6-11). Compliance with these steps will enable you to successfully register a cooperative housing society in Srinagar.