DINESH P THAPAR 28 August 2018
A person and his mother jointly own a flat in mumbai and there names appear on the Share Certificate issued by the co-operative society. He gifts his share in the flat to his mother (the co-owner) vide a registered Gift Deed.
Can the Society insist on payment of Premium/Fees for the above transaction?
kirti kabra 28 August 2018
Apart from nominal transfer charges, the society cannot levy any extra charges which will be ultra vire or contrary to the bye-laws. If the society is demanding the same, ask them to give in writing after which you can resort to legal course of action as envisaged in law.
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