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What is the difference between co-operative housing societies and other societies?

April 26, 2017Co-operative difference HOUSING Societies

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What is the difference between co-operative housing societies and other societies?

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Co-operative housing societies are non-profit making societies which need to be registered and approved under The Co-operative Societies Act, 1925. Such Societies will always carry the word “Co-operative” as part of its complete name e.g. Sui Northern Officers’ Co-operative Housing Society Limited. All other housing schemes are commercial schemes.