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vilas (SR.DRAUGHTSMAN)     15 October 2010

SHARE TRANSFER

I RECIEVED NOC FROM THE SOCIETY , I AND THE BUYER WE HAVE PAID THE TRANSFER CHARGES ,

MY DUES ARE NIL TO THE SOCIETY, WE HAVE REGISTERED THE DOCUMENTS,PAID THE STAMP DUTY.

STILL CAN THE SOCIETY HOLD THE TRANSFER OF SHARES TO THE SELLER,

WHAT CAN BE DONE TO PERSUE THE SOCIETY TO DO THE NEEDFUL.

SECONDLY CAN THE BUYER START RENOVATION IN THIS CONDITION.

REGARDS



Learning

 2 Replies

M. A. Khan (advocate)     15 October 2010

Once you have registered sale deed with you, society cannot refuse to transfer the name on share certificate.  Society is expected to transfer within three month from receipt of application, if it is not done, you can make an application to registrar for accepting you as deemed member.  No one can stop you from renovating ur flat.  There is no such bye law, whereby society can object renovation.

Bharatkumar (ADVOCATE )     18 October 2010

First U give a applicaton for transfer the name in society and attech a copy of sale deed and paid a transfer fee as per rules of society and collect a receipt,  thereafter society pass a resolution in three months, in three months society not transfer the name of purchaser in society record u give a application in Registrar Office of Society for this matter. U can strat a renovation work in the premises.


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