What are the main objects of formation of a Society?

The main objects of the formation of a housing society are as under:

• To obtain conveyance from the owner/Promoter (Builder), in accordance with the provisions of the ownership Flats Act and the Rules made there under, of the right, title and interest, in the land with building/buildings thereon as described in the application for registration of the society;
• To manage, maintain and administer the property of the society;
• To raise funds for achieving the objects of the society;
• To undertake and provide, for on its own account or jointly with cooperative institution, social cultural or re-creative activities;
• To provide Co-operative education and training to develop co- operative skills of its members, Committee members, Officers and employees of the society.
• To do all things, necessary or expedient for the attainment of the objects of the society, as specified in the bye-laws.