Membership
Discover the pathway to belongingness with Viswha Multi State Cooperative Housing Society Ltd. Our Membership section outlines the eligibility criteria, benefits, and application process for becoming a valued member of our cooperative community. Whether you seek access to affordable housing solutions, financial services, or opportunities for community engagement and empowerment, Viswha welcomes you to join us on our journey towards social and economic progress. Explore the Membership page to embark on a fulfilling cooperative experience with us.
Eligibility Criteria
To be eligible for membership, individuals must meet the following criteria:
Be an adult individual competent to contract under Section 11 of the Indian Contract Act, 1872.
Not have been adjudged by a competent court to be insolvent or undercharged insolvent within the last five years, unless genuinely needing the services provided by the society.
Not have been convicted of any offense involving moral turpitude or dishonesty within the last five years.
Membership Types
- Open to adult individuals who meet the eligibility criteria.
- Requires the payment of an admission fee of Rs. 500/-.
- Ordinary members have full voting rights and can participate in the governance of the society.
- Available for individuals who wish to support the society but do not meet the eligibility criteria for ordinary membership.
- Requires the payment of an admission fee of Rs. 1000/-.
- Nominal or associate members do not have voting rights or participation in governance but can benefit from certain services provided by the society.
Application Process :
- Submission of Application: Interested individuals can submit a membership application to the Chief Executive of the society in the prescribed form.
- Payment of Fees: Along with the application, applicants must pay the prescribed admission fee (Rs. 100/- for ordinary membership and Rs. 50/- for nominal or associate membership).
- Share Subscription: Applicants must also purchase a minimum of one share of Rs. 50/- each and pay the value thereof in full.
- Application Review: The society will review the membership application within a specified period (typically four months) from the date of submission.
- Approval: If the application is found complete and meets all requirements, it will be approved, and the applicant will be notified accordingly.
- Membership Rights: Upon approval, members will receive their share certificates and gain access to the rights and privileges associated with their membership type.
Membership Benefits
Access to financial services, including loans and savings accounts.
Participation in decision-making processes through voting rights and representation in the governance of the society.
Eligibility for training programs and educational initiatives organized by the society.
Access to various amenities and facilities provided by the society for the well-being of members and their families.
Withdrawal and Expulsion:
Members can voluntarily withdraw from the society by providing written notice to the Board.
However, certain conditions may apply, such as a waiting period of one year before rejoining.
The society reserves the right to expel members for acts detrimental to its proper functioning, subject to a fair and transparent process.
Disqualifications
Members may be disqualified from continuing their membership if:
Their business conflicts with or competes with the business of the society.
They have consistently availed services worth less than Rs. 1000/- per year for two consecutive years.
They have failed to attend three consecutive general meetings without valid reasons.
They have defaulted on payments owed to the society.
Notice and Cessation of Membership
Before disqualifying members, the society must provide them with a reasonable opportunity to present their case.
Membership may cease due to emigration, death, or cancellation of registration of the society.
In cases of cessation, the member’s shares will be transferred to other members or as per the society’s
Join Viswha Multi State Cooperative Housing Society Ltd. today and become a part of a vibrant community dedicated to economic and social progress through cooperative principles.
Established under the Multi State Cooperative Societies Act, 2002, we are proud to be a registered entity with a commitment to excellence and integrity in all our endeavors. Our journey began with a vision to provide exemplary housing solutions in Andhra Pradesh, Telangana, and Odisha, and today, we stand as a beacon of trust and reliability in the construction industry.
menu
Copyright © 2024. All rights reserved.