Society Formation for Plot Owners

Q: Out of approx 120 plots we are currently about 18 members who have come together and wish to form a society. The purpose to do so is to identify a contractor to whom we wish to give work such as laying down the water pipes, building tar roads etc.

Would appreciate if anyone could guide me here as to what is the procedure to form a society of open plot owners and what are the documents required fees etc?

The plot is located 17KMS from Karjat station

Shahenil Ashraf, Apartment Resident

25th September 2016

Legal in Mumbai

society formation

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society formation for plot owners

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Replies (3)

Is a notice sent to the builder during the society formation process? Is a NOC required from the builder?

Shahenil Ashraf, Apartment Resident

26th December 2018

Comment

Hi friends,
Here are some useful information on forming a society:- Before a registration of the proposal of a Co-operative housing society of any type, a meeting of the promoters 10 or more (prospective members i.e. buyers of flats, plots, tenants etc.) should be called by circulating a notice and the agenda of the meeting to them well in advance.

The elected Chief Promoter has to make an application for reservation of a name for the proposed society in the prescribed form. This application should be sent to the Registrar for the approval of the name. After getting the approval from the Registrar, the name is reserved for the proposed society, for 3 months. Within this stipulated period, the Chief Promoter has to complete the registration formalities.

Shubham Bharat, Mumbai

26th September 2016

Comment

Apart from that, after receiving the approval letter from the Registrar, the Chief promoter can open a savings account with District Central Co-operative Bank/authorized Urban Co-operative Bank and can collect share capital, entrance fees, cost of purchase of land/building and other incidental expenses and deposit them in the same bank. The Chief Promoter has to issue receipts in the name of the proposed society. No amount can be withdrawn from the account until the society is registered.

Meghna Ananth, Mumbai

26th September 2016

Hi!
No society can be registered under the provisions of Section 6(1) of the Maharashtra Co-operative Societies Act, 1960 unless it contains at least ten persons who are qualified to be members under Maharashtra Co-operative Society Act, 1960 and who reside in the area of operation of the society. The State Government has issued the following order in connection with the formation of a housing society.

Mansoor Bithal, Mumbai

26th September 2016

Comment

You are right Mansoor but for the formation of a Co-operative housing society less than 10-members are permitted with certain conditions. The Government of Maharashtra issued an Order No. C H S 1094/C R 277/14-C dated 10th March 1995, published in M.G.G. Part 4-B, 1995 p. 92, with the provisions of Section 6(1), stating the condition to be fulfilled for the formation of a housing Society is the minimum requirement of 10 persons. However, this condition may be relaxed under the following circumstances:

(1) The plinth area of the tenement is not more than 700 sq-ft and, wherein
(2) There is no Floor Space Index (F.S.I.) left for further construction.

Meghna Ananth, Mumbai

26th September 2016