Dear sir,
My dad expired last year. He had made nomination of his flat in the name of his wife 50% & two children 25% each.
Society transferred flat in his wife name as per Section 30 of Maharashtra Co-operative Societies Act, 1960, and the Bye- laws No. 34 of the Society,
The nomination form itself says that nominee should be given as per Rule 25 of the Maharashtra Co-op. Societies Rules, 1961 and asks to mention % of share.
Same form also states as under
As provided under Section 30 of eh Maharashtra Co-operative Societies Act, 1960, and the Bye- laws No. 34 of the Society, I state that on my death the Shares mentioned above and my interest in eh flat, the details of which are given above, should be transferred to Shri/ Shrimati..................................... the first named nominee, on his/her complying with the provisions of the Bye-laws of the society regarding requirements of admission to membership and on furnishing Indemnity Bond,
In this case what is the use of 3 nominees when above para says that shares should be transferred to first named nominee.
PLEASE GUIDE US.
Regards
