Can Agriculture Cooperative Society sell their property(West Bengal)?
Can an Agricultural Cooperative Society in West Bengal purchase and sell property as per the West Bengal Cooperative Societies Act and Rules? I am a member of a long-standing Agricultural Cooperative Society in North Bengal. We want to sell some unused buildings to improve our financial position and support farmers better. I would be grateful for guidance from any learned member.
Dear Client, yes, an Agricultural Cooperative Society located in West Bengal can sell its property, under the West Bengal Cooperative Societies Act, 2006, but only if all required steps are followed. For example, prior approval from the Registrar of Cooperative Societies is needed along with a special General Body resolution. Also, an independent valuation of the property should be arranged, not just an estimate, plus the sale deed has to be registered properly. The sale proceeds, in the same way, must be used strictly for cooperative aims that actually benefit the member farmers. Please feel free to reach out again at Prime Legal if you want any further assistance.
Yes, an Agricultural Cooperative Society in West Bengal can buy or sell property, but only with approval from its members and as per the West Bengal Cooperative Societies Act and Rules. You need to pass a resolution, record it in your society’s meeting minutes, and seek approval from the Registrar of Cooperative Societies before selling. For further legal assistance contact us on our helpline number.
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