Hi am Gurmit Chadda, am new to this site. I am facing issue with my society not issuing NOC as per banks format. They are telling me that there are some points that is for builder and not for them and also some of the points are already covered in your registrations agreement and in OC. Below are the points for your reference on which they have issue...
1. The land is yet to be conveyed in favour of the society. Flat No ________ measuring ________ sq.ft. built up area situated on ________ floor of the above building is owned & possessed by Shri/Smt. ________________________ the Transferor. He/She is entitled to a firm allotment of a flat no. ________ measuring ________ sq.m/ft.
2. In the event of default by the Buyer/s Mortgagor/s if the Bank, enforces the security by sale, the society would accept the purchaser/s of the flat as a member on such purchaser/s complying with the necessary requirements for becoming a Member of the Society.
3. We will not issue duplicate Share Certificate/s to the above transferor Shri/Smt. ________________________ And/or transferee Shri/Smt. ________________________ without obtaining the prior written consent of the Bank.
4. We have no objection for Shri/Smt. ________________________ (Transferors/Vendors/Sellers) to transfer the said Flat No. _____________ to Shri/Smt. ________________________ (Transferee/Purchaser/Buyer).
5. We also confirm that we have complied with all the conditions set out by the local authorities while sanctioning the layout plan etc.
Now I am not sure what to do in this case. I tried convincing both the Society and the Bank but they are not ready to come on a common ground.
Any suggestion would really appreciate.
