Short Answer

Yes, organizations such as companies or trusts are allowed to become members of a housing society.

Detailed Explanation

Section 29 of the Gujarat Cooperative Societies Act, 1961 allows organizations like companies or trusts to become members of a housing society. This section states that any individual, society, or company can be admitted as a member of a cooperative society according to the by-laws of the society. This provision enables organizations to participate in the affairs of the housing society and enjoy the benefits of membership.

In practice, organizations seeking membership in a housing society need to follow the procedures outlined in the society's by-laws. They may need to submit relevant documents proving their legal status and eligibility for membership. Once admitted, organizations can participate in general meetings, vote on resolutions, and avail themselves of the services provided by the society.

Real-world Scenarios

• ABC Pvt. Ltd., a company, applies for membership in a housing society. The society reviews the company's documents and approves its membership based on the eligibility criteria set out in the by-laws.

• XYZ Trust seeks to become a member of a housing society to avail itself of the amenities and services offered by the society. The trust submits the required paperwork and is granted membership by the society.

Overall, Section 29 of the Gujarat Cooperative Societies Act, 1961 ensures that organizations like companies or trusts have the opportunity to become members of housing societies, allowing for a diverse membership base and broader participation in cooperative activities.

References

• Section 29 of the Gujarat Cooperative Societies Act, 1961: Official PDF