Share certificate of co operative housing society.
Querist :
Anonymous
(Querist) 10 February 2026
This query is : Resolved
Sirs,
I had received 5 shares of co op housing society and one share as bonus share.
I had sold the building of said co op housing society and got transferred 5 shares to the new transferee (buyer). Now one share is remaining with me. How can I surrender or dispose off the remaining share. Kindly guide me. Thanks.
T. Kalaiselvan, Advocate
(Expert) 10 February 2026
You can transfer the bonus share also in favour of your buyer or you can sell the same as per prescribed procedures
kavksatyanarayana
(Expert) 10 February 2026
The sale agreement should clearly specify whether the bonus shares belong to the seller or the buyer, or as per the procedure.
Dr. J C Vashista
(Expert) 11 February 2026
Discuss the issue with Managing Committee of the Society.
However, is there any provision to issue "bonus" share to its member(s) as stated by you, if so, can you please mention it for the sake of my knowledge.
Querist :
Anonymous
(Querist) 11 February 2026
Thanks to shree 1) T.Kalaiselvan 2)Kavksatyanarayan 3)Dr.J.C.Vashista for guidance.
P. Venu
(Expert) 16 February 2026
To my knowledge and understanding, it is impossible that a Cooperative Housing Society could have issued BONUS shares.
A Co-operative Housing Society is not a profit-distributing commercial body like a company under the Companies Act, 2013.
It is an association formed on the principles of mutuality, service, and limited return on capital, governed by the respective State Co-operative Societies Act. Secondly, Share capital in a Housing Society is not an investment instrument.
It is merely a membership qualification, and mechanism to contribute to common property.
Members do not hold shares for appreciation or capitalization of reserves. Therefore, the company-law concept of converting reserves into share capital (bonus issue) does not apply.
