Co op hos soc
Rajan Shashikant Patel
(Querist) 09 March 2012
This query is : Resolved
sir ,
six year back i had purchased a bunglow in a co-op.housing society .. i also have 5 shares of the said society .. i also repaid the loan to gujarat state housing finance corporation ... said loan society had taken for land and construction.
as i have fully paid my part of loan and have no outstanding of co-op hos.society,where some members are not paying or do not want to pay their outstanding ... now if , i want to surrender my shares to society and want to resign as a member of the co-op.housing society ... can I ...? if yes..what is the procedure ...and if no... why..? plz. help me.
V R SHROFF
(Expert) 09 March 2012
Any member can resign from the Society at his will.
ajay sethi
(Expert) 09 March 2012
mr rajan
you have been alloted 5 shares on basis of your having a bungalow in cooperative society .
since you have repaid the loan and have o outstanding dues to society you can sell off your bungalow . the shares will be transferred to the buyer .
once you r shares are transferred you automatically cease to be a meber of the society .
Deepak Nair
(Expert) 09 March 2012
Yes. You can surrender your share and resign. Just follow the by laws of your society. approadh the management committee for the same.
