HOUSING CO-OPERATIVE SOCIETY WWW.WEBSOFETX.COM
• It is Associate in nursing association of middle and low financial gain teams of individuals. • Usually it has fashioned in urban areas. The most purpose of this kind of society is to safeguard its members against exploitation by property owners.
HOUSING CO-OPERATIVES
• It not solely grants monetary help to its members however additionally reach the economic science of purchase of artefact in bulk. • To become a member of the society one should back up least one share of the society.
HOUSING CO-OPERATIVES
• The liability of the member is restricted to his capital contributed. • It additionally referred to as "Building Society" and should be divided into 3 sort’s i.e.
HOUSING CO-OPERATIVES
•(1)Housing Building Society •(2) Land Society •(3) Finance Society
HOUSING CO-OPERATIVES
• To receive deposits from its members. • To create loans to its members for the development of house at low rate of interest. • To render technical services for its members.
OBJECTIVES
• To render technical services for its members. • To get building materials at economical rate. • To perform the welfare activities as water, roads, sewerage, electricity etc.
OBJECTIVES
• To raise funds for the society. • Recommend to the society for deciding maintenance fee, repair and deposit amount. • Internal inspection of the flat.
DUTIES OF MANAGEMENT COMMITTEE
• To take decision on the various applications received from the members. • To take action against the defaulting members. • To issue Share Certificate to the members.
DUTIES OF MANAGEMENT COMMITTEE
• To call monthly meeting of the committee and finalize its minutes. • To organize special general body meeting as required. • To make arrangement of election for the formation of a new committee before expiring the term of the managing committee.
DUTIES OF MANAGEMENT COMMITTEE