: (1) In accordance with subsection (b) of Section 78 of the Act, related to the acquisition of income stamp duty or registration duty exemption, facility or concession when a cooperative organization purchases immovable property including land. The organization should submit an application to the Registrar with the following details:-
(a) If the immovable property has been purchased under the registration fee waiver facility before making the application, the owner's proof and copy of related documents,
(b) A certified copy of the decision regarding open purchase, including the name of the owner of the house, the address of the house, lot number, area and price from the meeting of the general meeting,
(c) Financial statement certified by the auditor that the savings amount is not used for the purchase of immovable property and can be purchased from the reserve fund and share capital,
(d) If it is intended to purchase more share capital and reserve fund than mentioned in the audit report of the previous financial year, the financial statement of the latest share capital, reserve fund and surplus amount certified by the registered auditor,
(e) When monitoring and inspecting the cooperative organization, if instructions are given for improvement after seeing the condition, a document showing the status of compliance with the instructions and an action plan for improvement.
(2) After checking the application received as per sub-rule (1), the registrar may send it in writing to the concerned body for exemption facility.