Question

Present Co-operative Societies Act prevails in Kerala

• A. Co-operative Societies Act of 1912
• B. Madras Co-operative Societies Act of 1932
• C. Maharashtra Co-operative Societies Act of 1960
• D. Kerala Co-operative Societies Act of 1969

Answer 1

Answer:

D. Kerala Co-operative Societies Act of 1969

Co-operative Housing Societies:

• As Per Rule 15(1) (1A) of KCS act 1969 mentioned Co-operative Housing Societies
• The housing societies in India has 3 tier structure.
• Birth place of Housing Society - England
• There is no Co-operative Housing Societies in Travancore - Cochin State at the formation of Kerala State.
• First Co-operative Housing Society in Kerala - Kannur
• The first Co-operative Housing Society in India - Saraswath Co-operative Housing Society in Bombay, 1905
• Co-operative Housing societies come under the classification of Non Agricultural Credit societies
• Housing societies are formed either for securing the ownership of a houre a for obtaining accommodation at fair and reasonable rent.
• Major finance from Housing Societies are LUC, HUDCO, National Housing Bank (NHE)
• According to ICA - Co-operative Housing Societies envisages the Co-operative Principle "Concern for Community”
• Protriem faced by housing societies are

1. 1. Inadequacy of finance
   2. Scarcity of land
   3. High cost of land