Just came across your blog. Very informative. I have a query regarding membership
How do one ascertain total number of members of the Co-op Housing society?
What documents needs to be checked.?
As audit fees are based on members determining total number of members is very important.
Please guide. A reply will be highly appreciated.
I C Naik
Relevant provisions are in Section 38 of the MCS Act 1960 and Rule 32/33 reproduded below.
Section 38 – Register of members[1]
(1) Every society shall keep a register of its members and enter therein the following particulars, that is to say,–
(a) the name, address and occupation of each member;
(b) in the case of a society having share capital, the share held by each member;
(c) the date on which each person was admitted a member;
(d) the date on which any person ceased to be a member; and
(e) such other particulars as may be prescribed:
Provided that, where a society has by or under this Act, permitted a member to transfer
his share or interest on death to any person, the register shall also show against the member concerned the name of the person entitled to the share or interest of the member, and the date on which the nomination was recorded.
- Register of Members:- The register of members to be kept by every society
under sub section (ij of Section 38 shall be in Form I.
- List of Members:- The list of members to be kept by every society under
Section 39 shall be in Form ‘J’ “The society, at the close of every financial year, shall prepare the list of active members in Form “J – 1” and the list of non-active members in Form “J – 2” as per the provisions of section 26 of the Act. “.