Today:

Could a housing cooperative society be split?

Posted on 03 August 2012 by Dipak Kumar

Could a housing cooperative society be split?

I am residing in a residential co-operative Housing Society at Vadodara, Gujarat.

Few members of the committee wants that the share-holders having their shops in the complex should be separated from the general administration, management, maintenance, etc. and they should manage their own affairs.

We have one common L-shape huge, 16 years old building structure, 4 Wings,10 floors each, around 152 residential flats,parking facility, a beautiful garden, small swimming pool, 24×7 security and 26 shops at the ground floor level, facing the road sides. Residential area and shopping area have absolutely isolated entries and approaches.

Sir

- Is it possible, if yes, then how to go about this?

-what model is both beneficial and practical for all the share-holders?

I know this for sure that, this is a common burning issue throughout the country and not just with us in Gujarat.

I hope to receive your guidance and some practical solutions for all of us. This would help make co-operative movement better, stronger, lawful and effective.

Best regards.

Dipak S. Sheth

D-901,’Nisarg’ Complex, Diwalipura, Vadodara – 390007,

I C Naik

Splitting of Housing Societies is not unthinkable and Society law also facilitates the same.

But it is not enough to have isolated entries and approaches for residential area and shopping areas.

Two physically separable clusters can reorganize and re-register as two distinct societies provided in every respect.

The two clusters can thereafter pursue their respective objects without any interruption from one cluster to another.

The common physical resources concerning power, water, drainage, lifts, passages all must be identified for each cluster and made accessible plus manageable to and by each one of them-independently without the need for approval of another.

If this is accepted by the 2/3 majority members of both the clusters what remains is a procedural obligation.

4 Comments For This Post

  1. Anil Patel Says:

    Dear Sir,

    We are living in huge co-op society at o.p.road in vadodara,Now a days RCC road are under construction
    in whole society but some five to six members are not ready to remove their encroachment.
    So what we can do? Is their any power of president or Secretary. please tell us.

  2. HEMESH PATEL Says:

    SIR / MADAM,
    I AM LIVING IN HIRA PANNA SOCIETY , WHICH IS A PART OF NOVJYOT CO.OP HOUSING SOCIETY. NOVJYOT HAS THREE OTHER SOCIETY UNDER HIS REGISTRATION NO.SINCE LAST 20 YEAR. WE ARE SHARE CERTIFICATE IN THE NAME OF NOVJYOT. NOW WE HAVE FIRM OUR HIRA PANNA ‘S COMMITTE.
    WE WANT TO SEPARATE FROM NOVJYOT. COULD IT BE POSSIBLE.
    TELL ME ABOUT PROCEDURE AND WHERE I HAVE TO CONTECT.

  3. HEMESH PATEL Says:

    SIR / MADAM,
    I AM LIVING IN HIRA PANNA SOCIETY , WHICH IS A PART OF NOVJYOT CO.OP HOUSING SOCIETY. NOVJYOT HAS THREE OTHER SOCIETY UNDER HIS REGISTRATION NO.SINCE LAST 20 YEAR. WE HAVE SHARE CERTIFICATE IN THE NAME OF NOVJYOT. NOW WE HAVE FIRM OUR HIRA PANNA ‘S COMMITTE.
    WE WANT TO SEPARATE FROM NOVJYOT. COULD IT BE POSSIBLE.
    TELL ME ABOUT PROCEDURE AND WHERE I HAVE TO CONTECT.

    BEST REGARDS

    HEMESH PATEL
    PATEL_HEMESH2002@YAHOO.COM

  4. Ravindra Says:

    TANVI ACCOUNTING & CONSULTANCY SERVICES

    Address: B-404, Sainagar, 4th Floor, Plot No.26, Sector-4, Kalamboli,
    Navi Mumbai – 410 218, Contact No. 9969603141/9222282901
    Email: tanviacc@gmail.com

    Specialized for Society Accounting
    1. Preparation of Maintenance Bills and maintenance receipts.
    2. Maintaining member’s master details.
    3. Society accounting, Reports generation and updating & maintaining statutory registers required as per law.
    4. Preparing share certificates and preliminary registers for all the members implying that they have been made due members.
    5. Providing guidance to the society & members time to time if required.
    6. Assisting and offering consultancy to the society day-to-day for smooth running.
    7. Offering the right, practical advice for the society’s bright future by studying and analyzing society’s financial situation and suggesting changes.
    8. Preparation of all documents with statutory record required for audit.
    9. Preparing Notices & Circulars to be displayed on notice board.
    10. Support for Society and conveyance deed registration
    11. Filing IT & TDS returns of the society.

    We are offering other following consultancy services

    1. Society Accounting
    2. Part time Accounting for small and middle size firms
    3. Payroll processing of corporate firms
    4. Investment Management
    5. Tax planning
    6. Filling of income tax returns of salaried employees
    7. PAN and TAN Application
    8. Filling of TDS Returns
    9. Filling of PF, ESIC, PT, TDS and income tax returns of Individuals.

Leave a Reply



Cooperative Related Queries

Ask your cooperative-related
questions to Sh I C Naik
info@indiancooperative.com