Housing Society Share Certificate

Jimy Maniar (Querist) 21 September 2010 This query is : Resolved
Dear Sir/Madam,

I am a member of a housing society in Dahisar(E), Mumbai. I own and reside in a flat from January 2006 which is registered and stamp duty is paid in full. I am the third owner for the said flat (after the builder and previous owner). I have a Housing Loan for the same.

The society is registered and they possess share certificates of the previous owner as well as my share certificate. They have informed that the need an indemnity bond from the previous owner stating that he has no claim on my flat.

Please inform whether this process is required, as I have all the necessary agreements, society NOC and share certificate.

Appreciate your time on this.

Regards,
Jimy Maniar

Follow Query

Report Abuse

R.R. KRISHNAA (Expert) 21 September 2010
Dear Jimy

If such requirement is in any rules/byelaws of the society then you shall provide the same othewise you may seek reasons from the society as to the requirement of a indemnity bond and then proceed accordingly.

Best regards.,

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now