As per Sec 37 of The Gujarat Co-operative Societies Rules-1965, every Housing / Service / Commercial society shall maintain following registers:
- A Register of Members (Including Person nominated) under Section 39
- A Register of Shares (Where capital is raised by Shares)
- A Personal Share Account Register (Where capital is raised by Shares)
- A Share Transfer Register (Where capital is raised by Shares)
- A Register of declaration made under Section 49 (Lien Register) *
- Cash Account
- General Ledger
- Member’s Loan Register (If applicable)
- Deposit Account (If applicable)
- Expense Account
- Bank Account
- Minute Book, recording the proceeding of General Meetings
- Minute Book, recording the proceeding of the Committee Meetings
- Such other accounts and books as may from time to time be specified by the Registrar.
* Section 49 of Gujarat Cooperative Society Act refers to charge on immovable property of members borrowing from certain societies. Sec 49 is not applicable to housing / service / commercial society. Many banks ask for creating charge on shares against Housing / Mortgage loan, thus it is advisable to keep a Lien Register.
Sir,
I have a self owned flat in a co-operative housing service society in Ahmedabad..
The current chairman without asking or discussing with committee members & non committee members , taking 5000-10,000 as his annual fee to maintain the registers & all..
Sir, is it legal in a co-operative housing service society to charge any fee by any chairman or committee members by providing his service towards the society maintenance?
No committee member can charge society for any activity conducted by them.
Sir,
Is there any separate blog of yours’ defining differences between a co-operative housing society & co-operative housing “Service” societies ??? kindly share that would help a lot Sir..
Main difference between Housing Society and Service Society is ownership of land. Incase of Housing Society, ownership of land on which building are standing is of society, whereas Service Society has no ownership. Service society are formed only for maintaining the society.
So as per the main difference that you just cited, on the line of the same “No Transfer” is liable for any member to pay to the committee, right? since we have a formation as a “SERVICE” housing society..