A co-operative housing society shall not admit to its membership persons exceeding
the number of dwelling units or plots as the case may be, available for allotment in that co-operative housing society. * Provided that a cooperative house building society may admit to its membership more than the plots allotted in case the plot owner has constructed and sold floors, by charging transfer fee of five thousand rupees and share money and admission fee as per provisions of the by-laws of the society and in that case the committee shall grant membership within a period of thirty days after the submission of application for grant of membership by such applicant and in case of refusal by the committee, the applicant may appeal to the Registrar within thirty days of the refusal by the committee and the decision of the Registrar in such appeal shall be final. Rights and privileges of members on allotment of plot or dwelling unit in a co-operative Section 76 - housing society