Cooperative Society

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A cooperative society is a type of business organization formed by a group of individuals who come together voluntarily to meet common economic, social, and cultural needs and aspirations. These societies are founded on the principles of self-help, mutual assistance, and democratic control. The primary objective of a cooperative society is to benefit its members rather than generating profits for external shareholders.

Cooperative societies can take various forms, including Conveyance, Deemed Conveyance, Society Formation, Redevelopment of Society, Occupation Certificate, Coordination with builder and architecture, Consultation for self-redevelopment of society, maintenance recovery and all other disputes.

Types of Cooperative Societies

Conveyance: Conveyance refers to the legal process of transferring the ownership of property from the builder/developer to the cooperative housing society or its members. It ensures that the society has full and clear title to the property.

Deemed Conveyance: Deemed conveyance is a legal provision that allows a housing society to obtain the conveyance of the property from the builder/developer if they fail to do so voluntarily.

Society Formation: The formation of a cooperative housing society involves the registration of the society with the appropriate government authority. It gives the society a legal identity and allows it to manage its affairs collectively.

Redevelopment of Society: Society redevelopment involves renovating or rebuilding existing structures to enhance their quality and value. It typically requires careful planning, legal procedures, and the involvement of a developer.

Occupation Certificate: An Occupation Certificate (OC) is issued by the local municipal authority or relevant governing body, indicating that a property is fit for occupancy and complies with safety and building standards.

Coordination with Builder and Architect: Consultation & Appointment of Builder/Developer, Architect & PMC.

Consultation for Self-Redevelopment of Society: Self-redevelopment refers to the process where a housing society manages its own redevelopment project. Consultation in this context involves legal, financial, and project management guidance for the society.

Maintenance Recovery: Housing societies collect maintenance fees from members to cover common expenses such as maintenance, repairs, and common area upkeep.

Dispute Resolution: Disputes in housing societies can arise from various issues, including maintenance disputes, non-payment of dues, or disagreements between members. Resolving these disputes often involves legal and administrative processes.

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