Society/cooperative society

sampad mohanty (Querist) 04 December 2012 This query is : Resolved
Sir
I am confused with society and cooperative housing society. Our purpose is to purchase a land, build an apartment by a contractor and transfer it to our members. We also want home loan from bank by individual capacity. Please suggest which one is more appropriate:- a society/cooperative society?

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Devajyoti Barman (Expert) 04 December 2012
Repeated query.......

Raj Kumar Makkad (Expert) 04 December 2012
Co-operative Housing society.

sampad mohanty (Querist) 08 December 2012
THANK YOU mR. RAJ KUMAR MAKKAD

prabhakar singh (Expert) 08 December 2012
Repeated query.......still Co-operative Housing society is the only choice since a society formed under Society Registration Act is treated as NGO and can not carry any business as being conceived..