The Delhi Cooperative Societies Rules, 2007, do not explicitly mention the installation of ATMs inside cooperative societies. However, the installation of ATMs within a cooperative society's premises is generally subject to the society's bylaws and the approval of the managing committee.
Steps to Install an ATM in a Cooperative Society:
- Check Society Bylaws
: Review the society's bylaws to see if there are any provisions or restrictions regarding the installation of ATMs.
- Obtain Approval
: Seek approval from the managing committee or the general body of the society. A resolution may need to be passed in a general body meeting.
- Compliance with Local Regulations
: Ensure compliance with local municipal regulations and obtain any necessary permits or approvals from the relevant authorities.
- Agreement with Bank
: Enter into an agreement with the bank or financial institution that will install and operate the ATM. The agreement should outline the terms and conditions, including rent, maintenance, and security.
For more detailed information, you can refer to the Delhi Cooperative Societies Rules, 2007.
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Is Atm Inside Delhi Cooperative Society Allowed Under RCS Rules?
P V Hari haran
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9 months
2025-02-24T09:05:27+00:00 2025-02-24T09:06:06+00:00Comment
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