Co-operative housing society bye-law- no.7

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

VI. FUNDS, THEIR UTILIZATION AND INVESTMENT

(A) Raising Funds (Bye Law No 7)

Bye Law No 7. Modes of raising Funds of the Society

The funds of the society may be raised in one or more of the following ways;

a.	by entrance fees,
b.	by the issue of shares,
c.	by loans and subsidies,
d.	by deposits,
e.	by voluntary donations, (but not from Transferor and Transferee)
f.	by contributions towards the cost of building or buildings,
g.	by a fee on transfer of shares, along with the occupancy right, assignment
h.	by premium on the transfer of occupancy right over the flats,
i.	by corpus fund from Promoter Builder
j.	by any other mode permitted under these bye-laws,
k.	by way of statutory requirements,
l.	by way of non-occupancy charges, leasing/hiring of open spaces,
m.	by way of corpus fund, in case of redevelopment