The Gujarat Cooperative Societies (Amendment) Rules, 2025, effective from June 10, 2025, introduces revised transfer fee regulations for housing societies. The capped fee is 0.5% of the property's value or 100,000 rupees, with exemptions for legal heirs. Service societies can now collect transfer fees.
Major changes in Gujarat Co-operative Societies (Amendment) Act 2024
The Gujarat Cooperative Societies Act 1961 is amended, including the addition of definitions for Cooperative Housing Society and Cooperative Housing Service Society, reduction of the minimum number required for society registration to 8, and empower State Government to prescribe rules and transfer fees.
Good Accounting Practices for Societies
This article provides guidance on best practices for accounting and financial management in a Cooperative Society. It emphasizes the use of accounting software for daily accounting tasks, regular monitoring, yearly budgeting, compliance with TDS, income tax, and GST regulations, as well as maintaining detailed records of receipts and payments. Additionally, it highlights the importance of proper filing methods and record-keeping for various financial documents. Overall, it offers comprehensive advice for ensuring efficient and accurate financial operations within a Society.
Transfer Process in Service Society
This article discusses the process of transfer and membership in a Housing/Commercial Service Society. It covers reasons for transfer, bylaws, rules, and documents required for the transfer. It also outlines the process that the society needs to follow, including resolution format and transfer fee related guidelines. The content touches upon membership eligibility, transfer restrictions, and procedures for share transfer. It also includes document formats and the society's responsibilities in the transfer process. Additionally, it addresses the transfer fee collection and references the relevant regulations.
Types of Registers to be Maintained by Cooperative Society
As per Sec 37 of The Gujarat Co-operative Societies Rules-1965, every Housing / Service / Commercial society has to maintain registers and documents in society records. These documents can mainly broken down to Member Related Documents: Depending on Documents Financial Documents: Daybook forever and rest documents for 5 - 7 Years Registrar Audit Related Documents: … Continue reading Types of Registers to be Maintained by Cooperative Society
Duties and Responsibilities of the Managing Committee
To dispose of an application of becoming a member and to dispose of the application for resignation. To dispose of application for purchase of and transfer of shares. To make appointments of the Accountants, Estate Manager, Solicitors, Architects, Surveyors, and other required employees of the Society and, to remove them from the designation for some time and … Continue reading Duties and Responsibilities of the Managing Committee
Duties and Responsibilities of the Secretary
To do all the transactions by keeping the instructions in mind issued by the Chairman from time to time.To call upon the General meeting and the meetings of the committee & sub-committees as per the instructions of the Chairman.To remain present in the meeting of the Committee, Sub-Committees and the General meeting of the society … Continue reading Duties and Responsibilities of the Secretary
Duties and Responsibilities of the Chairman
To implement the Resolutions of the General meeting and the Managing Committee through the Secretary. To supervise work of the Secretary and to become responsible for the works done by him. To accept all the mails (Dak) of the society and, after seeing the same, to issue necessary instructions to the Secretary to take action. To deposit the … Continue reading Duties and Responsibilities of the Chairman
Election Rules for Societies
Rules for the election of the Managing Committee of Housing / Commercial Service Societies based in Gujarat.
How to Get a Duplicate Share Certificate of a Cooperative Society
This article explain documents to be submitted by members and process to be followed by committee for issuance of Duplicate Share Certificate of Cooperative Society
Can NRI, PIO, OCI Card Holder become Committee Member ?
NRI, PIO or OCI card holder can become a member, committee member and also hold post of Chairman / Secretary / Treasurer.
How to Amend Bye-laws of Cooperative Society
In the earlier article "Bye-Laws of Cooperative Societies", we discussed about bye-laws of society. From the date of society formation, there can be many reasons why managing committee would want to change the bye laws. Act has a provision, where managing committee can call for Annual General Meeting (AGM) or Special General Meeting (SGM) and … Continue reading How to Amend Bye-laws of Cooperative Society
Bye-Laws of Cooperative Societies
Gujarat Cooperative Societies Act, 1961 and The Gujarat Cooperative Societies Rules 1965 provide for framework for cooperative society. But there are variety of co-operative societies and it is not possible to cover the requirements of all the types of cooperative societies in a single legislation, i.e. . Therefore, there is a provision for framing bye-laws … Continue reading Bye-Laws of Cooperative Societies
Difference Between Cooperative Society & NTC
Particular Applicable to Co-op. Society Applicable to NTC Authority Co-op. Society is both State & Central Act. There is a separate set up under the Co-operative Department Non Trading Corporation is a state level Act, which is monitored by Registrar, NTC, delegated to Sales Tax Department Concept of Benefit Co-operative Society is on the principal … Continue reading Difference Between Cooperative Society & NTC
Types of Society Formation
This article discuss about different type of society formation, relevant act related each formation and Gujarat RERA order on formation under Gujarat Co operative Society Act 1961
Gujarat Cooperative Societies 