Sort by :
Filter by :
- Hello friend,
Regarding your query-
Individual members come under an umbrella organization to form a Co-Operative, and when two or more Co-Operatives come under an umbrella organization they form a Federation. Members of federation are co-operatives.
Federation of Co-Operative societies is recognized by law with the same validity as a co-operative Housing Society.
Usually when there are many buildings on a single layout, for day to day affairs it is difficult to manage all the buildings under a single co-operative, so the members form a Co-operative and have their own managing committees and later all the societies in that layout form a federation.
The societies which are formed manage all day to day affairs of their building and the federation manages all the common spaces and common maintenance.
Conveyance of the land is done on the name of federation, ownership rests with federation and eventually with societies that are members of the federation.Hope this helps.
- Dear Friend,
Thanks For Your Reply.
A High Court Lawyer Has Advised Us That It Is Always Beneficial To Have One Society And That Federation Of Housing Socities Is Not Recognised Under The Law?
I Want To Know That What Is In The Best Intrest Of Our Members
As The Law Permit To Divide The Society But It Seems That There Is No Provision To Join No. Of Societies And Make Them One Society Once Different Societies Are Formed.
- I want to say hi
My name is Derek andI'm glad to join to this forum.CommentQuote0Flag