Transfer of flat in coop society

Submit an application to the Secretary of your society supported by death certificate

Submit an application to the Secretary of your society supported by death certificate of your mother, for necessary action.

 

Thank you for your valued opinion.

Once the flat is in my fathers name, then can he make a valid nomination?

Eventually my father would like to sell the flat, would there be any issues that the buyer could raise? Would the buyer need any N.O.C from the children?

1. Yes, your father must make a nomination.

2. No NOC is required to be taken since the flat is his self-acquired property and he can dispose it of as per his choice. 

Since the property was jointly owned by your parents, your mother's share in the property will devolve upon all her legal heirs which included yourself, your brothers/sisters and your father.  Therefore, if  you want the entire property to be on your father's name alone, all your brothers and sisters including you have to relinquish your rights in the property by jointly executing a registered release deed in his favor subsequent to which he can sell it as an absolute owner or else all of you have to jointly execute the sale deed in favor the prospective purchaser, any other method than this will be considered as invalid.

The idea of buying in joint names was that when either person dies, the property gets automatically transferred to the other joint holder without having excess legal formalities. The release deed would be more expensive. Can we just give noc to society and get it transferred to my fathers name. My father and my mothers name are on the flat. I don't understand why the children need to relinquish rights, when the flat belongs to my father as he has bought with his money.