SERIES I No. 47
Panaji, 27th February, 2024 (Phalguna 8, 1945) PUBLISHED BY AUTHORITY
EXTRAORDINARY
No. 2
GOVERNMENT OF GOA
Department of Co-operation
Office of the Registrar of Co-operative Societies
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Notification
42/2/2001/TS/RCS(Suppl.)/Vol.I/4490
In exercise of the powers conferred by
sub-sections (1) and (2) of section 127 of
the Goa Co-operative Societies Act, 2001
(Goa Act No. 36 of 2001) and all other powers
enabling it in this behalf, the Government of
Goa hereby make the following rules so as to
further amend the Goa Co-operative Societies
Rules, 2003, namely:—
(1) Short title and commencement.— (1)
These rules may be called the Goa
Co-operative Societies (Fifth Amendment)
Rules, 2024.
(2) They shall come into force on the date
of their final publication in the Official Gazette.
(2) Substitution of rule 134.— For rule 134
of the Goa Co-operative Societies Rules, 2003, "134. Fee and premium for transfer of
shares or interest of the member.— (1) A
member whose application for transfer of
shares and occupancy right in the plot of
land/dwelling unit/commercial unit where
the landed property is owned by the
co-ownership or co-partnership housing
society is accepted by the society,
shall pay:—
(a) fixed transfer fee of Rs. 2,000/-
(Rupees two thousand only) to the
society; and
(b) an amount of premium to the
society at the rate up to 2% of the market
value of such plot of land/housing unit/
/commercial unit as on the date of
effecting transfer of share/interest.
(2) The society shall pay Rs. 10,000/-
(Rupees ten thousand only) to the
Government, out of the premium amount
collected. The said amount of Rs. 10,000/-
shall be deposited by the concerned society OFFICIAL GAZETTE — GOVT. OF GOA SERIES I No. 47 (EXTRAORDINARY No. 2) 27TH FEBRUARY, 2024 amount from member and e-receipt thereof shall be submitted to the Registrar.
(3) Any transfer of share or interest of the member approved by the society in contravention of sub-rule (1) and (2) shall be ab-initio null and void.
(4) Where the society fails to deposit the amount in the Government Treasury as specified in sub-rule (2), such amount shall be recovered by the Registrar from the society, along with interest at the rate of four percent as an arrears of land revenue, without prejudice to other mode of recovery.".
By order and in the name of the
Governor of Goa.
Arvind V. Bugde, Registrar of Co-operative Societies & ex officio Joint Secretar y (Co-operation).
Panaji, 26th February, 2024.
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