A member of a co-operative housing society (Mumbai, Maharashtra) produces a laminated shae certificate for issue of the duplicate share certificate.
1. The original holder was Mr. X. He had sold the flat to Mr. Y however the original share certificate is not endorsed for transfer.
2. The transferee Mr. Y produces a laminated share certificate for endorsement of trnsdfer after 2 or 3 years.
3. While issuing the duplicate share certificate, whether the society has issue the duplicate in name of the original member Mr. X and then endorse the transfer to Mr. Y on the revrse or issue the duplicate share certificate in the name of Mr. Y , transferee of the flat, on the face of the share certificate.
Looking forward for answer to my 3rd point.
Thanks
V. Vaidyanathan
