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Home / Legal / Can a Cooperative Housing Society have bank account in two different banks and be operated by two different set of people?
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Can a Cooperative Housing Society have bank account in two different banks and be operated by two different set of people?

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0 2022-07-25T10:32:51+00:00
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Hi Buddy,

According to the Co-operative Societies Acts, a housing society must open a bank account at a district cooperative bank from the very beginning. The Registrar of Co-operative Societies must approve societies before they can open an account with a nationalised bank, though. Also, to answer your query, I would like to say that according to my knowledge, two different bank accounts cannot be used to maintain a single housing society.

Read More:

Can housing society open account in Axis bank?

I hope this helps:)

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