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CACHS.IN

TRUELY HOUSING SOCIETY

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MEMBERSHIP

The society shall have following of membership

    A – Class Members – 100 , fees Rs 100/- one share, voting capacity
    B – Class Members – 950 Fees Rs 100/- entrance fees no voting power

ORGANISATIONAL STRUCTURE

1. Chairman
2. Vice chairman
3. Director
4. Accountants
5. Office Assistant / Clerk

FUNCTIONS

1. Issue of personal loan
2. Issue of mortgage loan
3. Sale of plots
4. Construction of house & flats
5. Sale of building materials
6. Purchase land, Developing of land and approval land and then selling to member

LEDGERS AND BOOKS MAINTAINED BY SOCIETY

1. General ledger
2. Deposit ledger
3. Loan ledger
4. Cash book
5. Day book
6. Cheque register
7. Final audit book

VARIOUS LAND PROVIDED BY SOCIETY

The society is now implementation housing schemes, viz Golden Green Co-operative Nagar, Polivakkam village in Thiruvallur District, Anna Co-operative Nagar Phase – I at Thimmapuram village Acharapakkam Kancheepuram District , ADP DREAM CITY at Thiruporur, Kancheepuram District.

The society has proposed many housing scheme in Thiruvallur & Kancheepuram district. The society has also proposed to undertake construction of houses for selling them to members and to undertake construction of house for the members

Conclusion

The overall performance of CHENNAI ANNANAGAR CO-OPERATIVE HOUSING SOCIETY LTD is satisfactory during the period of study. The financial position of the society is strong , this is in profit society

1. Loan interest - 16%
2. Fixed deposit – 10%
3. Recurring deposit – 9%