A Member and / or Associate Member of the Society may by writing under his hand, in the prescribed form, nominate a person or persons to whom the whole or part of the shares and / or interest of the Member in the capital / property of the Society shall be transferred in the event of his death. The acknowledgement of the nomination by the Secretary, shall be deemed to be the acceptance of nomination by the Secretary. No fees shall be charged for recording the first nomination. A Member may revoke or revise his nomination, at any time, by making an application, in writing, under his hand, to the Secretary of the Society. The acknowledgement of the variation in nomination / subsequent nomination by the Secretary, shall be deemed to be the cancellation of earlier nomination. Every revision of the nomination shall be charged a fee of Rs. 100/-
Nomination by Members
Members, their rights, responsibilities and liabilities
A member or associate member may file, revise or revoke a nomination in writing. The first recording carries no fee; the selected source states a fee for each revision.
Disclaimer: The information contained in this section is provided solely for general information and reference purposes. The Model Bye-laws displayed here are not intended to constitute a certified or authenticated copy of the bye-laws of any particular Co-operative Housing Society. Bye-laws applicable to individual societies may vary depending upon their registered/adopted bye-laws and subsequent approved amendments. In case of any discrepancy or inconsistency, the applicable registered/adopted bye-laws of the concerned society, together with the Maharashtra Co-operative Societies Act, applicable Rules, Government Resolutions, Notifications, Circulars and orders issued by the competent authority, shall prevail. Users should verify the applicable legal provisions and obtain professional/legal advice wherever required.