Transfer of shares

Querist : Anonymous (Querist) 10 March 2021 This query is : Resolved
My housing society is based in Mumbai and currently under the administrator rule. I have executed a Gift Deed on my sons name and wanted to transfer his name on the share certificate. Since there is no Managing Committee ,can the administrator/Deputy Registrar of Housing society have the authority to transfer and sign on the share certificate. Since few members in the society says that administrator cannot sign on the share certificate. Could you please guide me.. Thanks

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kavksatyanarayana (Expert) 10 March 2021
If the society is not running well and also not giving share certificate, complain to the Deputy Registrar of Coop housing societies concerned.

Dr J C Vashista (Expert) 11 March 2021
Yes, the Administrator enjoys all the powers of Managing Committee and can transfer membership to your son on the basis of gift deed.

P. Venu (Expert) 13 March 2021
The administrator himself is the beat person who can give an authoritative opinion in the matter.

Querist : Anonymous (Querist) 13 March 2021
ok thanks then will the administrator himself enter my sons name in the 'I' and 'J' Register form.

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