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Kiran (AC)     27 March 2012

Name transfer in chs

Our family shop and the shares of the same are in my mothers name. The shop is in a CHS in Mumbai/Maharashtra.

My parents have expired. Myself and my brothers and sister are the heirs.

One of my brother is the nominee of the shop. He had on our mutual understanding, applied to transfer the shop in his name.  We were ready to give NOC of all the heirs. The society said the name can be transferred, but he will be just a trustee till he produces a succession certificate.

We inquired from various sources that succession certificate applies to only to movable property.

Why is society insisting on succession certificate when there is no dispute amongst the heirs?



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