Regarding share certificate for property
devang shah
(Querist) 12 July 2015
This query is : Resolved
dear sir,
we have purchase flat at ahmedabad 1987 at that time our flat association are register with register number at ahmedabad.
we have received with pegesion letter by not builder but one of certificate issue by chairman/vise chairman in our association letter pad at that time builder was not issue share certificate.
how to issue share certificate any sources our builder say we are not issue share certificate not given proper answer and secretary are not issue duplicate share now can it approach to registrar office ? and what is processor for issue share certificate is registrar office can help to us.
devang shah
9904779686
dr g balakrishnan
(Expert) 12 July 2015
share certificates in regard to cooperative societies are the right of the association not that of builders,under per Flat owners assn and or read with cooperative service rules of the government concerned.
Rajendra K Goyal
(Expert) 14 July 2015
Society should issue share certificate and if it does not do so, Consult local lawyer dealing in society cases.
devang shah
(Querist) 20 July 2015
sir
we contact the society chairman but he told me build are not given any paper or record to us we are not authority to given certificate we contact build he said our record are loss we no found any paper and we consult local lawyer he is said share certificate must required. lawyer said we made sale deed without share certificate your are problem after transfer other authority department like local municipal corporation, any load from bank so what can i do ?
Hemant Agarwal
(Expert) 17 August 2015
for: Shri Pankaj Mahajan
1. A duly registered and stamp duty paid Sale-Purchase deed, for a immovable property, is conclusive for "Title-Ownership" of the Flat, under the Transfer of Property Act.
2. Even IF there is no Society .OR. even IF the existing Society does not give Share Certificate, it does not matter legally and neither will it, in any way, change the "Title-Ownership" of the Flat. The "Sale-Purchase deed", is conclusive document for purposes of Municipal records, Bank loan or whatever.
Keep Smiling .... Hemant Agarwal
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