Society Bye-laws are the rules and regulations laid down for the proper and peaceful running of cooperative 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
IV. OBJECTS (Bye Law No 5)
Bye Law No 5. Objects of the Society
The objects of the society shall be as under:
Bye Law No 5(a): To obtain conveyance from the Owner/Promoter Builder, in accordance with the provisions of the Ownership Flats Act and the Rules made thereunder, of the right, title and interest, in the land with building/buildings thereon, the details of which are as hereunder:
The building/buildings known/numbered as ………….. ………. ….. constructed on the plot/plots nos ……….. / Survey no. ………….. / CTS no ……………….. of ……………………………. (village/taluka) admeasuring ………….. sq. meters, more particularly described in the application for registration of the Society;
OR ( APPLICABLE FOR PLOT PURCHASED TYPE SOCIETY )
*(a) To buy or take on lease a plot or plots nos…….. …./Survey no. ………. …. / CTS no ……………… of………….. admeasuring. ………….. sq. mts. and to construct flats thereon for allotment to the Members of the Society for their authorized use.
OR
To purchase a building or buildings known as ………………… …….Constructed on the plot/plots nos/survey no. / CTS no……………………….of ……………. admeasuring……………… sq. mts. for allotment of flats therein to the Members of the Society for their authorized use.
Bye Law No 5(b): To manage, maintain and administer the property of the Society;
Bye Law No 5(c): To raise funds for achieving the objects of the Society;
Bye Law No 5(d): To undertake and provide for, on its own account or jointly with a cooperative or Other Institution Social, Cultural or Recreational activities;
Bye Law No 5(e): To provide Co-operative Education and Training to develop the co-operative skills of its Members, Committee Members, Officers and Employees of the Society.
Bye Law No 5(f): To do all things, necessary or expedient for the attainment of the objects of the Society, specified in these bye-laws.
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