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INITIAL & MONETARY SETUP
We provide services with Passion
At Society Pro we specialize in providing comprehensive support for the initial and monetary setup of Co-Operative housing societies. Society Pro understands that the process of forming a Co-Operative housing society can be complex and daunting, which is why Society Pro offers tailored solutions to streamline every step of the journey.
Our experienced team is well-versed in the legal and administrative requirements involved in setting up a Co-Operative housing society. From assisting with the drafting of bye-laws to facilitating the registration process with the relevant authorities, Society Pro handles all the necessary paperwork and procedures with precision and efficiency.
Society Pro also understands the importance of financial planning and management in ensuring the long-term success of a Co-Operative housing society. That's why Society Pro offers expert guidance on membership fees, share capital, common expenses, and other monetary considerations to help our clients establish a solid financial foundation from the outset.
With our dedicated support, clients can rest assured that their Co-Operative housing society will be set up in accordance with all regulatory requirements and best practices. By entrusting us with the initial and monetary setup, they can focus on building vibrant and thriving communities for themselves and future generations to enjoy.
Let us take the hassle out of setting up your Co-Operative housing society. Contact us today to learn more about our services and how Society Pro can support your journey towards Co-Operative living."
Setting up a Co-Operative housing society involves several initial steps and monetary considerations. Here's a breakdown :
- Formation Meeting: The first step is to convene a meeting of the initial members interested in forming the Co-Operative housing society. During this meeting, the objectives, rules, and regulations of the society are discussed and finalized.
- Drafting Bye-Laws: The society's bye-laws, which govern its operations, rights, and duties of members, management committee, etc., need to be drafted and approved by the members.
- Registration: The society must be registered under the relevant Co-Operative Societies Act in the state where it is located. This typically involves submitting the necessary documents, including the bye-laws, to the Registrar of Co-Operative Societies along with the registration fee.
- Membership Fees: Members usually need to pay an initial membership fee to join the Co-Operative housing society. This fee may vary depending on factors such as the size of the property they own in the society.
- Share Capital: Members are also required to purchase shares in the Co-Operative housing society. The share capital contributes to the funds of the society and is usually a one-time payment.
- Contribution towards Common Expenses: Members may be required to make an initial contribution towards common expenses such as legal fees, registration charges, setting up common facilities, etc.
- Opening Bank Account: The society needs to open a bank account in its name to manage its finances. This may require an initial deposit, and the signatories to the account are typically members of the management committee.
- Appointment of Management Committee: An interim management committee may be appointed initially to oversee the affairs of the society until formal elections can be held. This committee is responsible for managing the society's finances, operations, and maintenance of common areas.
- Insurance: It's advisable for the Co-Operative housing society to obtain insurance coverage for the property and common areas to protect against unforeseen risks and liabilities.
- Legal and Professional Fees: Depending on the complexity of the process and the need for legal assistance, there may be fees associated with legal and professional services for drafting documents, obtaining approvals, etc.
PLATINUM
BASIC + SILVER + GOLD
- Updation of uncommon charges ( NOC, Parking, etc.)
- Petty Cash Updation
- Follow up to member for maintenance recovery
- Follow up for vendor and attendance checking
- NOC Drafting
- Complaint Handling & Office Related Work
- Letter Correspondence
- Society Visit (As Per Requirement)
- Other Charges
- many more...
- (* Terms & Condition applied )
GOLD
BASIC + SILVER
- Drafting meeting notice
- Monthly minutes writing
- General Meeting Minutes Writing
- Society Visits (Twice in A Month)
- (* Terms & Condition applied )
SILVER
BASIC +
- Voucher preparation
- Collection sheet writing
- Society visits ( once in month )
- (* Terms & Condition applied )
Get in touch With
Society Pro
We are offering a wide range of services like timely completion of finalization of accounts and assistance with statutory formalities in accordance with the Co-operative Act / Rules & Byelaws is crucial for ensuring compliance and smooth operations for societies. If there are any specific challenges or areas where you're seeking guidance, feel free to ask for assistance!
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