ASSOCIATE MEMBERSHIP AS PER MODEL BYE LAW -
02.09.2014

The Form of application for Associate Membership by an individual, who desires to hold, shares jointly with member, who is already admitted to membership of the Society.

To,
The Secretary,
…… …… … ….Co-op. Housing Society Ltd,
Address...............

Sir,
Shri/Shrimati……………………………….is already a member of the……………..Co-operative Housing Society Ltd., having address at.……………..…… holding Ten fully paid shares of Rs. Fifty each.

He/She desires Shri/Shrimati………………………………to join him/her as an Associate Member for the purpose of holding the shares jointly with the applicant Shri/Shrimati………………… in respect of flat no……….in building name………………………….in the………………………Co-operative Housing Society Ltd.

According, I make this application for admitting me the applicant as an Associate member to Shri/Shrimati ……. …….. ……… ……….. ……… And remit herewith the entrance fee of Rs. 100.

I state that I have purchased/own property jointly with the First Member, being flat no……..in the Society, vide registered deed/title documents no…………..dt ... ... ..,

OR

I state that do not jointly own or have joint title to the property with the above mentioned First Member.

On my/our admission as an Associate member by the Society, we shall be jointly and severally liable to discharge the present and future liabilities of the Society.

The right of attending general body meeting and voting at them will ordinarily be exercised by Shri/Shrimati ……. …….. ……… ……….. ……… whose name stands first in the share certificate.

The name of Shri/Shrimati ……. …….. ……… ……….. ……… shall stand second in the share certificate and he/she (the Associate member) shall have no rights or privilege of a member, except attending general body meeting of the Society and voting at them, provided that the member whose name stands first in the share certificate is absent at such meeting other than mentioned in section 27 of MCS Act, 1960.

I/We request you to admit me/us as an Associate member and include my name as an associate member in the share certificate below the name of the first member.

The consent of the member for my/our admission as an Associate member is appended here below. Yours faithfully

(Signature of the applicant whose name to stand second or thereafter In the Share Certificate)

Place:-
Date:-

I, Shri/Shrimati ……. …….. ……… ……….. ……… a member of the ……. …….. ……… ……….. ……… Co- operative Housing Society Ltd., having address at……. …….. ……… ……….. ……… and holding ten paid up shares of Rupees fifty each recommend the application made by Shri/Shrimati……. …….. ……… ……….. ……… for Associate membership of the Society for the purpose of holding the shares jointly on terms and conditions set out in the above application. The name of Shri/Shrimati……. …….. ……… ……….. ……… be added in the share certificate (enclose herewith), after my name.

Signature of the first member

Place:-
Date:-

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