Amendment status not verified — confirm the current text below against the official source.
Unde,' Sec-35( I) Under Sec-60( I) Under Sec-77(1) Under 5ec-79(a) Under 5ec-91 Under 5ec-92(6) The superintendence, direction and control ofthe preparation ofthe electoral rolls for, and the conduct of elections of the members of the committee of. a co-operative society shall be vested in the committee. Provided that the entire process of election will be conducted by a Returning Officer to be appOinted by the Government who shall be not below the rank ofa Gazetted Officer.' co-operative society shall get its accounts audited annually by an auditor selected from the panel prepared by the Registrar in the prescribed manner within the period ofninety days' from the cfose ofco-operative year. Allotment ofplots ofland, flats, houses or other dwelling units shall be made by the committee ofa co-operative housing society to the members strictly on the basis of draw oflots only in respect ofsuch members whose enrolment as a member ofa co· operative housingsociety is found proper in accordance with the provisions ofthis Act, rules framed thereunder and the bye-laws ofthe co-operative housing society by the Registrar and such a draw of lot shall be conducted by the lessor of the land in accordance with the terms and tonditions oflease. the previous permission ofthe co-operative housing society has been obtained by the transferor by paying the transfer fee; Any person who has acqUired property on occupancy right in a co-operative housingsocietythrough the instrument ofpowerofattorneyor agreement for saleshallhave the opportunitytobecomememberofthe concernedco-operative housing society where the property exists bygetting the property converted from leasehold to freehold and on paying the transfer fee often thausand rupees or such amount as may be determined by the Registrar from time to time to the concerned co-operative housing society along with dues, incfuding the dues ofthe apex or financial institution, ifany: Provided that the memberwho has sold his plot orflat on power ofattorney or agreemer.t for sale shall have no voting right in the affairs ofthe co- operative housing society, however, the power of attorney holder shall . acquire voting right only aftergetting the property converted into freehold: Provided further that any such person can have access to the paid services, namely, the use ofcommunity hall, swimming pool or any other common facilities available to the members or the use ofcommon parking spaces provided by the co-operative housing society onlyafter becoming a nominal member ofthe co-operative housing society as per its bye-laws and after paying a nominal membership fee oftwo hundred rupees to the co-operative housing society: . Provided also thot the committee ofco-operative housing society shall issue 'no objection certificate' to the general power of attorney holder on his application required for submission to get the property converted to free- hold from the lessor, within the period ofthirty days ofits receipt, after ensuringthat there are no dues outstanding against the member or general power ofattorney holder in the records ofthe co-operative housingsociety.' All proposals as above, shall be approved by the general body in a meeting by a majority ofnot less then two-thirds ofthe total membership ofthe co-operative housing society. [85]