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SOCIETY IS NOT ISSUING SHARE CERTIFICATE AND ASKING FOR TRANSFER FEES
20-Jul-2023 (In Property Law)
DEAR ALLI HAVE RECEIVED FLAT IN GIFT VIA WILL FROM MY GRAND MOTHER(MOTHER'S MOTHER-NANI)nnSOCIETY IS NOT ISSUING SHARE CERTIFICATE IN MY NAME AND ASKING FOR TRANSFER FEES OF RS.50000/- FOR TRANSFER FFESnnWE HAVE EXPLAINED THAT THERE IS NO SALE CONSIDERATION IN SAID PROPERTY WND WE HAVE RECEIVED THE FLAT IN INHERITED WAY BUT NOT ISSUING SHARE CERTIFICATE IN MY NAME UNLESS & UNTILL WE PAY RS.50000/- AS A TRANSFER FEESnnPLEASE GUIDEnnTHANKSnKOSHA P THAKORE
First of all the transfer is transfer. You are eligible to be member. but here the question is what kind of society is it. is it a co. operative housing society or co. operative housing service society.
second, get a copy of by laws. what's written there . if they are a service society then they can't charge a one rupee also for share certificate transfer. there are provision about how to get name transferred according to law as per Gujarat Co Operative Societies Act 1961 and Rules
second, get a copy of by laws. what's written there . if they are a service society then they can't charge a one rupee also for share certificate transfer. there are provision about how to get name transferred according to law as per Gujarat Co Operative Societies Act 1961 and Rules
Helpful?
Adv. Tanu Oza
Gandhinagar | 100+ Answers
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Ms. Thakore, see you might wanna check all the bylaws of the society and resolutions passed by the members from time to time. After studying them, one can approach the Courts of Law for the solution you're seeking. Meanwhile, if you haven't registered the gift deed yet, well my first advise would be to get it done asap. Then, further on, as your NANI is the current owner we can thus put into communication through her to the society once for any possibility of Mediation or Negotiations, as the case maybe. I hope this will help you find your path to the ultimate solution. Jay Hind!
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Adv. Nisarg J. Desai
Vadodara | 100+ Answers
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