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Transfer of property

(Querist) 04 September 2015 This query is : Resolved 
A mother died in society with the daughter already mentioned as NOMINEE.
The said mother has other siblings too.

1) Can the society transfer the share certificate as per the recent Bye laws.

2) The daughter having received the share certificate in her name....does she has to "register" the agreement and pay Stamp Duty. So property received through the nomination does it have to be registered in the O/o Registrar.

3) What is a "release Deed"? When and Why is it required? What is the purpose?

Regards
ADV-JEEVAN PATIL, MUMBAI (Expert) 04 September 2015
Transferring property in Mame of nominee does not deprive right of legal heirs in property.
ADV-JEEVAN PATIL, MUMBAI (Expert) 04 September 2015
1) yes. 2) need not be registered 3) RD means reliauishing right . Further Transferring property in Mame of nominee does not deprive right of legal heirs in property.
Rajendra K Goyal (Expert) 04 September 2015
1. Yes it can.
2. No registration needed.
3. Academic query.


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