Respected Sir / Madam,
this is regarding possiblity of forming registerd society where there are only 8 members and NOC from bank.
Builders are dead and the firm is closed down. Building is more then 12 years old. It has 8 flats. No share certificate are issued . 2 flat owners do not live in Pune. 1 flat owner has been mentally sick and is admitted in a mental hospital.
One flat owner says that with 8 flat owners we can form a" registered society."
1. Is it possible to form a registered society with 8 members? And is it also valid ? He takes care of maintenance . He says we need to pay ( total amount) Rs. 40000 for society registration.(!)
2. As a flat owner, I would like to sell my flat. Buyer needs NOC from a Bank to get a loan. How and from where can I get NOC ?
3. Can I get a legal document or proof that will help the client/ buyer to get a loan?
I will greatly appreciate your reply soon.
Thanking you
Kumari
