Procedure for Transfer of flats in co-operative societies.
Definitions
1. Housing Society means a society the object of which is to provide its members with open plots for housing, dwelling houses or flats or if open Plots, the dwelling houses or flats are already acquired, to provide it’s members common amenities and services.
2. Member means a person joining in an application for the registration of a co-operative Society which is subsequently registered or a person duly admitted to membership of a Society after registration and includes a nominal, associate or sympathiser member.
3. Associate member means a member who jointly holds a share of a society with others, but whose name does not stand first in the Share Certificate.
4. Nominal member means a member admitted to membership as such after registration in accordance with the bye-laws. It is noted that a nominal member is treated as a member of the co-operative society as held in K.K.ADHIKAR vs. T.G.KULKARNI and others 1980 C.T.J. 241.
5. Society means a co-operative society registered, or deemed to be registered, under this Act. It is to be noted that a proposed society cannot be covered under the definition as held in CNJ 196 (Bom.) 1984 in the case of Beed Dist. Central Co-op and M.P. and D. Federation vs. State of Maharashtra.