Draft — not yet finally notified. Once officially notified, your society must formally adopt these bye-laws via a resolution passed in its General Body Meeting (GBM) before they replace your existing 2014 bye-laws. This draft has been shared by the Co-operative Department for public consultation — you can submit suggestions via email at coophsgmodelbyelaws@gmail.com before the deadline of 27th August 2026.
Charge and Set-off in respect of Shares and Interest of a Member
The Society shall have a first charge on the shares and/or interest of a Member, past or present, in the capital and property of the Society and upon any dividend, bonus or profits payable to such Member in respect of any dues payable by such Member to the Society.
The Society shall be entitled to set off any amount credited by or payable to such Member towards the payment of such dues, in accordance with the provisions of the Act, Rules and these Bye-laws.
Need the form that goes with this bye-law?
Generate 2026 FormsNeed this bye-law applied?
A bye-law helps only when it is used correctly.
Amendments, general body resolutions, member disputes, registrar filings — Expert Jurist LLP handles these for societies across Maharashtra, start to finish.
Read every bye-law free, download MCS forms and track your society’s compliance dates.