Model Bye–Laws of Cooperative Housing Society

1. Shri/Shrimati .................................... intend to become a member of the ....................................... Cooperative Housing Society Ltd., having address at .......................................... by transfer of the Shares Certificate No ........................................ for five fully paid up shares of Rupees Fifty each bearing distinctive numbers from .............. to ................ [both inclusive] held by Shri/Shrimati........................................... ....................................... the member of the said society and his / her interest in the flat No....................... admeasuring sq. meter’s, in the building of the said society, numbered / known as ................................................ held by the said Shri/ Shrimati ............................................ to my name

2. I had given my consent to the proposed transfer of the said shares and the interest of the said transferor in the capital / property of the said society to me on ......................................

3. We now make this application for membership of the said society and for transfer of the said shares and the interest/ of the said transferor in the capital/ property of the said society to our name.

4. We remit herewith the entrance fee of Rs. 100/- (Rupees one hundred only) and Rs. 500/- (Rupees five hundred only) as value of aforesaid shares as per bye-law No 19(B).

5. We hereby undertake to discharge all the liabilities to the society which may become due from the date of our admission to the membership of the society.

6. We declare on the basis of the information given to us by the said society that by admitting us to membership of the said society, the total membership of corporate bodies of the said society will not exceed the limit mentioned in Government order enclosed at Annexure 1 to Bye-laws of the society

7. We also furnish herewith the undertaking in the prescribed form on One Hundred Rupees.stamp paper about registration of the transfer under section 269 AB of the Income Tax Act and the rules made their under.

8. We undertake to use the flat / tenement proposed to be transferred to us for the purpose mentioned in the letter that will be issued to us by the said society under bye-law No. 76(a) of the byelaws of the said society and that no change of user of the said flat will be made by us without prior approved of the society in writing: The undertaking to that effect in the prescribed form is enclosed herewith.

9. We have gone through the bye-laws of the society and the Government orders issued under section 22 of Maharashtra Co-op. Societies Act, 1960 and undertake to abide by the same and any modifications that the registering Authority and the Government may respectively make in them.

10. Shri/Shrimati ..........................................has been authorized to sign this application on our behalf. A certified copy of the authority letter is enclosed herewith.

11. We request you to please admit us as member of the said society and to transfer said shares and the interest of the transferor in the capital/ property of the said society to our name.

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