share certificarte trasnfer
sandip c
(Querist) 31 January 2011
This query is : Resolved
I would like to ask query regarding our flats.My father was owner of 3-flats which were alloted by builder in exchange of land he owns.He died intestate and no agreements for sale prepared.My mother applied for membership in the society by submitiing affedvit and i-bond but sociey insisted on heirship.We all legal heirs reaquested builder to sell one flat as development rights and poa given to builder at the time of construction.So builder sold one flat to one lady by preparing Triparty agreement.Builder was a seller,lady was a purchaser and my mother acted as confiriming party.In this agreement we all legal heirs filed affedvit.Now my problem is society is confused to whom share certificate to be trasfered in my mothers name or purchaser lady.please advise us.In between we obtained heirship from court in my mothers name.
thanks,regards
V.Mahadevan
(Expert) 31 January 2011
The Tripartite Sale Agreement,(with the mother of the querist as confirming party) admittedly,is duly registered with competent authority.In such an event,the purchaser lady may make application to the Housing Society for inclusion of her name as member of the housing society adducing the documents in support of her case. It needs to be remembered that the Act and Rules of the State governing Housing Socities are to be fuuly complied with. Legal advise of a local Advocate should be sought.
