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There are Advantages of being a CHS
member
There are many advantages to being a member of a cooperative
housing society as opposed to anyother type of housing sector.
The cooperative sector protects a number of important rights of
its members.
Listed below are few pertinent rights of a member of a
cooperative housing society which are distinct in
comparison to those living in another arrangement:
Right to get certificate of allotment
Every member of a cooperative housing society, to whom plots of
land or dwelling units have been
allotted, should be issued a certificate of allotment by the
cooperative housing society under its seal andsignature in such
form as may be prescribed.
Right to hold according to terms of allotment
Irrespective of the provisions of the Transfer of Property Act,
or the Registration Act, any allotment or
re-allotment of a plot of land or dwelling unit in a building of
a cooperative housing society to its
member as per terms of allotment should entitle such member to
hold such plot of land or dwelling unit
with such title or interest.
Right to transfer and/o r inherit property
The right, title and interest in a plot of land or dwelling unit
in a building of a cooperative housingsociety (including the
undivided interest in common areas and facilities) should
constitute a heritable
and transferable immovable property.
Right to undivided interest in common area
Every member of a co-operative housing society will be entitled
to an undivided interest in the common
areas and facilities pertaining to the plot of land or dwelling
unit allotted to him.
Right to use the common area
Every member of a co-operative housing society to whom a plot of
land or a dwelling unit has been
allotted should have the right to use the common areas and
facilities as prescribed by the co-operativehousing society.
But, in case of any violation or misuse by a member, the
management committee is empowered to
recover damages.
Right to attend meeting and vote
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A member has right to attend all the meetings of the society and
vote there at.
Right to contest election
A member has the right, by law, to stand for the election of the
managing committee of the cooperative
housing society. He only foregoes this right if he is a
defaulter and if the other conditions mentioned in
Model bye-law number 118 are applicable to him.
Right to seek information from the society
A member can seek information relating to any transaction of the
cooperative housing society and the
society is required to furbish such information within 30 days
of the receipt of request.
The society has the right to fix an application fee for this
purpose.
