Short Answer

No, members are generally not allowed to lease or mortgage common amenities like club buildings in cooperative societies.

Detailed Explanation

Rule 62 of the Gujarat Cooperative Societies Rules, 1965 prohibits members from leasing or mortgaging common amenities without the prior approval of the general body of the society. This rule ensures that the common amenities remain accessible to all members and are not encumbered by individual interests. In practice, this means that any proposal to lease or mortgage common amenities such as a club building would need to be discussed and approved by the general body of the cooperative society through a resolution.

For example, if a member proposes to lease out the club building for commercial purposes, they would need to present this proposal at a general body meeting. The members would then discuss the pros and cons of such a decision and vote on whether to approve the lease. This process ensures transparency and collective decision-making in the management of common amenities.

Another scenario could involve a member attempting to mortgage the club building to secure a personal loan. In such a case, the member would need to seek approval from the general body before proceeding with the mortgage. This safeguard prevents individual members from encumbering common amenities for personal gain without the consent of the society at large.

Overall, the restriction on leasing or mortgaging common amenities in cooperative societies serves to protect the collective interests of all members and maintain the integrity of shared facilities.

References

• Rule 62 of the Gujarat Cooperative Societies Rules, 1965: Official PDF