Duplicate share certificate
Sachin Shetty
(Querist) 14 September 2012
This query is : Resolved
Dear Experts,
I had purchased a flat jointly owned by me and my spouse in the month of September 2011.
The original share certificate of the previous owner was laminated and hence it was not possible to endorse the transfer in our names. The bank agreed to sanction loan subject to an undertaking by the society that a duplicate share certificate will be issued to us (the new owners) after we have been included as members of the society. The society had issued a letter to the bank stating that after we have been included as members of the society, they will issue a duplicate certificate on receipt of the original share certificate from the lending bank.
After we were admitted as members of the society, the bank had returned the original share certificate. The same was submitted to the society in the month of May 2012 with a covering letter signed by me asking them to issue a duplicate share certificate with the same share certificate numbers.
It has been more than 4 months and still the society has not issued me the share certificate.
Please advise me on the procedure that needs to be followed to get the duplicate share certificate where the original is not lost.
ajay sethi
(Expert) 14 September 2012
ask bnak to send reminder to society . if society still does not issue share ceritificate iossue legal notice to society . move consumer forum for deficency in service
