how to make proposed society

mrs chhatwal , Apartment Resident

6th October 2015

Legal in Mumbai

proposed society

how to make proposed society?

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But before that you have to call a general body meeting and make them agree to be the member.

But remember, the amount cannot be withdrawn from the Bank till the society is registered or its registration is refused, except with prior written permission of the Registrar. The Chief Promoter should submit registration proposal to the registering authority within a period of 3 months from the date of issue of Letter of Reservation in the name of the proposed society.

Ramesk Polekar, Mumbai

7th October 2015

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Hi Disha,
Normally, the name reservation proposal should be accompanied with the society resolutions and signatures of at-least 10 Promoters who have attended the meeting. On allotment of name and permission to open a bank account by the Registrar, the Chief Promoter has to collect Share Capital, Entrance Fees from promoters and deposit the same in the branch of the bank permitted by the Registrar.

Padma G, Mumbai

7th October 2015

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