Housing Society Bye-laws are the rules and regulations laid down for the proper and peaceful running of the co-operative housing societies. Co-operative society bye-laws are approved by the government authorities and are formed with the intention to help the societies self-regulate themselves.
MODEL BYE–LAWS OF COOPERATIVE HOUSING SOCIETY
X. INCORPORATION, DUTIES AND POWERS OF THE SOCIETY
Bye Law No 72. Incorporation
The registration of the Society shall render it a body corporate by the name under which it is registered, with perpetual succession and common seal and with power to acquire, hold and dispose of the property, to enter into contracts and other legal proceedings and to do all such things as are necessary for the purpose for which it is constituted.
Bye Law No 73. Common Seal
The Common Seal of the Society shall be in the custody of the Secretary of the Society and shall be used under the authority by means of a resolution of the Committee on the Deeds of conveyance, share certificate or any other documents, to which the seal is affixed on behalf of the Society, shall be attested by the Chairman, the Secretary and one Member of the Committee, authorized by the Committee in that behalf along with their name and designation.
Bye Law No 74. Charge and set off in respect of Shares and interest of a Member of the Society
The Society shall have a charge on the shares and/or interest of a Member, present or past, in the capital/property of the Society and upon any dividend, bonus or profits, payable to a Member in respect of any charges due from such Member or past Member to the Society and may set off any sum credited by or payable to a Member, in or towards there payment of such charges, as provided under Section 46 of the Act.
The Maharashtra Cooperative Societies Act 1960
Chapter: IV – INCORPORATION DUTIES AND PRIVILEGES OF SOCIETIES
Section 46 – Charge and set-off in respect of share or interest of members
A society shall have a charge upon the share or interest in the capital, and on the deposits, of a member or past member or deceased member, and upon any dividend, bonus or profits payable to any such member, in respect of any debt due from such member or his estate to the society; and the society may set-off any sum credited or payable to such member in or towards payment of any such debt:
Provided that, no co-operative bank shall have a charge upon any sum invested with it by a society out of the provident fund established by it under section 71, or its reserve fund; and no co-operative bank shall be entitled to set off any such sum towards any debts due from the society.
Read other Co-operative housing society bye-laws:
Bye-law No 1 Bye-law No 2 Bye-law No 3 Bye-law No 4 Bye-law No 5
Bye-law No 6 Bye-law No 7 Bye-law No 8 Bye-law No 9 Bye-law No10
Bye-law No 11 Bye-law No 12 Bye-law No 13 Bye-law No 14 Bye-law No 15
Bye-law No 16 Bye-law No 17 Bye-law No 18 Bye-law No 19 Bye-law No 20
Bye-law No 21 Bye-law No 22 Bye-law No 23 Bye-law No 24 Bye-law No 25
Bye-law No 26 Bye-law No 27 Bye-law No 28 Bye-law No 29 Bye-law No 30
Bye-law No 31 Bye-law No 32 Bye-law No 33 Bye-law No 34 Bye-law No 35
Bye-law No 36 Bye-law No 37 Bye-law No 38 Bye-law No 39 Bye-law No 40
Bye-law No 41 Bye-law No 42 Bye-law No 43 Bye-law No 44 Bye-law No 45
Bye-law No 46 Bye-law No 47 Bye-law No 48 Bye-law No 49 Bye-law No 50
Bye-law No 51 Bye-law No 52 Bye-law No 53 Bye-law No 54 Bye-law No 55
Bye-law No 56 Bye-law No 57 Bye-law No 58 Bye-law No 59 Bye-law No 60
Bye-law No 61 Bye-law No 62 Bye-law No 63 Bye-law No 64 Bye-law No 65
Bye-law No 66 Bye-law No 67 Bye-law No 68 Bye-law No 69 Bye-law No 70