Zoroastrian Co-Operative Housing ... vs District Registrar Co-Operative ...

The Supreme Court addressed the validity of the Zoroastrian Co-operative Housing Society's registration under the Gujarat Co-operative Societies Act, 1961, following its establishment under the Bombay Co-operative Societies Act, 1925. The Court held that the Society's bye-laws, which restricted membership to the Parsi community and required prior sanction for share transfers, were valid and enforceable under Section 169 of the Gujarat Act. The ruling affirmed the Society's right to regulate its membership and share transfers in accordance with its bye-laws, emphasizing the importance of cooperative principles in such societies.