Dear Society proudly helps you and your loved ones solve complex legal and society-related problems. Contact us today to schedule a free consultation call with our experts.
We have expertise in Society registration, conveyance deed, deemed conveyance, apartment to CHS & more. One-stop solution for all society-r
Look at the provisions that Distinguish A Co-Operative Housing Society from An Apartment. Any housing project necessitates the
formation of a flat holders' association. This entity may be a
co-operative housing society,
an apartment, or a private company. Now let's look at how a
co-operative housing society differs from an apartment.
Governing Law:
The Co-operative Housing Societies are governed by The Maharashtra Co-operative Societies Act, 1960, and its Rules, 1961.
Apartments are governed by The Maharashtra Apartment Ownership Act, 1970, And its Rules, 1972.
Recommended for you: Benefits of Housing Society Registration
Transfer of Ownership:
In the case of the Co-operative Housing Society, the building land is always get transferred to the Society's name and Society's name only gets incorporated on the 7/12
extract, or property card as the case may be.
If there is an Apartment, building land is transferred in the name of each apartment holder in proportion to his share. Each apartment owner's name in proportion to his share gets incorporated on the 7/12 extract, or property card as the case may be.
Transfer Fee:
The flats in the Society are only sold with the prior permission of the Society. Only with the No Dues Certificate, a new flat buyer can become a member of Society. The Society can charge the transfer premiums and fees.
The Apartment owner does not need the approval of the Association of Apartments Holders for the selling of flats,
Article Recommended for you: Car parking awareness!
Types of Members and their Voting Rights
Along with the members, the society has joint members, associate members, nominal members, and temporary-members. In the absence of a member, the joint-members and associates have the right to attend and vote at the general meeting
as well as to become members of the committee.
Only the first apartment owner has the right to vote and attend the meeting. Membership types do not exist in Apartment Act.
For more details visit
Flats and apartments mainly differentiate between Governing Law,Transfer of Ownership,Bye laws ,Transfer Fees,Members,Elections etc.
*Islamabad Cooperative Housing Society* The Only Operational Petrol Pump of this Zone at the Entrance of Phase One while Development Plots and Construction Work can be seen around Main Boulevard of Gate 1 Of Islamabad Co-Operative Housing Society Please Subscribe My YouTube Channel for New Videos Updates And Please ConTact fOr Sale/Purchase 0300-0333-6364666/051-2104251-2-3 #ICHSTOWN #cooperativesociety #nocclear #CPEC #RawalpindiRingRoad #innerchange #NewIslamabadInternationalAirport (at ICHS Islamabad Cooperating Hosing Society) https://www.instagram.com/p/CQBCdnrH7Da/?utm_medium=tumblr
1. Consumers cooperative society. Consumers cooperative society is an organization which buys goods in bulk either from a wholesaler or from the manufacturer and sells those goods to its members in small quantities and at a very reasonable rate. So the members of Consumers cooperative society get goods at a rate which is cheaper as compared to the market rate.
2. Credit cooperative societies- Credit Co-operative Societies are financial institutions which are established with the objective of providing loans to its members at a reasonable rate of interest. The main objective of credit co-operative society is to provide financial assistance to its members when they require. Credit cooperative societies also create employment opportunities for its members by providing loans to buy a rickshaw or a taxi.
3. Farming cooperative societies- Such societies are formed by the farmers who come together and pool their land to conduct the agricultural activities jointly. By conducting the agriculture activities jointly, they can make use of the scientific and modern methods of cultivation which they probably cannot afford working individually.
4. Producers cooperative societies- Such societies are formed by small scale producers. Such cooperative societies provide their members with raw materials, modern tools and techniques so that they can compete with bigger producers.
5. Marketing cooperative societies - The marketing cooperative societies provide marketing assistance to its members. The output of the members of the marketing cooperative societies is sold centrally through marketing cooperative societies. Such societies perform all marketing functions like standardizing, grading, branding, packaging, advertising, transportation,etc on behalf of its members.
6. Housing cooperative societies - Such a co-operative society is formed by members who come together and buy a piece of land and then develop it as a residential building. The flats of the building are then allotted to all the members
