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SERIES I No. 47
Reg. No. RNP/GOA/32/2024-2026
RNI No. GOAENG/2002/6410
PUBLISHED BY AUTHORITY
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EXTRAORDINARY
No. 2
Panaji, 27th February, 2024 (Phalguna 8, 1945)
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,
the following rule shall be substituted,
namely:—
“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
by way of e-challan directly into the
Government Treasury within a period of
15 days from the date of receipt of such
OFFICIAL GAZETTE — GOVT. OF GOA
SERIES I No. 47
(EXTRAORDINARY No. 2)
27TH FEBRUARY, 2024
2808
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
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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 Secretary
(Co-operation).
Panaji, 26th February, 2024.