Issuing of share certificate in case of deceased member
Ajit Kolhatkar
(Querist) 15 August 2012
This query is : Resolved
what will be the solution in case :
1. society formed in 2007 by promoter, handed over in Nov 2009, certificates issued in 2012.
2. 'A' purchased flat from promoter, sold to 'B' and 'C' (jointly) in 2009, 'B' died in 2010-11 without nomination. C asking to issue share certificate. Share certificate is in the name of 'A' as of now. What formalities committee or party should complete ?
*we are issuing certificates now after formation of scoeity*
ajay sethi
(Expert) 15 August 2012
if A has sold falt to B and C by agreement duly stamped and regd B and C are joint owners of flat .
on ddeath of B ask the legal heirs to obtain succession certifcate . share certifcate cnanot be issued in name of C only
adv. rajeev ( rajoo )
(Expert) 15 August 2012
B & C are the joint holders of the property. On the death of B share certificate cannot be issued to C only, because B's legal heirs will be entittled for the share of deceased.
