MCS Act, Transfer of 50% Shares

Bhavik (Querist) 22 March 2018 This query is : Resolved
I am purchasing 50% share in a flat from one of the brother, the other brother is confirming the same. However, can Cooperative housing Society object to transfer 50% shares in my name, since one of the brother is exiting but other one continues to be owner.

The brothers inherited the flat from their parents. Their father had actually bought the flat.

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Hemant Agarwal (Expert) 23 March 2018
1. The Society has no legal jurisdiction to object to Transfer of Shares, PROVIDED all documents and Transfer Forms and Transfer Fees, are duly received by the CHS.

Keep Smiling .... Hemant Agarwal