FAQs regarding SRA Society
Registration formalities for a SRA Society Q,1) What is the minimum number of promoters required to join the registration proposal? Ans) 60% of the flat purchasers/ promoters are required to join the registration proposal if building is constructed by builder/developer. 90% promoters are required to join the registration proposal for society of open plot type category. Q 2.What is the minimum number of promoters required to sign the registration proposal? Ans) 60% of the promoters who have joined the registration proposal are required to sign it. Q 3.What is the currency used for all transactions? Ans) Cooperative Housing Society having less than 10 units can be registered subject to the following conditions: · The built up area of each unit should not be more than 700 sq. ft. · There should not be balance F.S.I Q 4.What is the remedy available, if the builder does not register a Co-operative Housing Society? Ans) Chief Promoter of the proposed society shall submit a registration ...