Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Share certificate without purchase ocument for the garage

Querist : Anonymous (Querist) 17 January 2020 This query is : Resolved 
Can hsg society(mumbai) issue a share certificate to a member for a garage, Who has purchase Documets for flat but not having any documet to prove that he has purchased the garage from whomso ever?
Quick Summary
A member of a Mumbai HSG society is enquiring if a share certificate can be issued for a garage, despite not having purchase documents for it. Experts advise that a share certificate typically acknowledges a share in the society itself, not a specific flat or garage. Issuing a separate certificate for a garage without a registered sale deed would likely be considered illegal and invalid. Consulting a local lawyer is recommended for professional advice.

KISHAN DUTT KALASKAR (Expert) 18 January 2020
Dear Sir,
Normally such share certificate cannot be given but please check with local advocate who is having more acquaintance with local laws.
Dr J C Vashista (Expert) 19 January 2020
Share Certificate is an acknowledgment of purchasing a share in the Society, which is neither for flat nor garage.
No separate certificate can be given by managing committee for garage, which is attached with flat.
It is advisable to consult a local prudent lawyer with relevant records for better appreciation of facts, professional advise and necessary proceeding, if you feel so.
T. Kalaiselvan, Advocate (Expert) 26 January 2020
If the society has issued the share certificate to the garage separately without verifying the registered sale deed for the purchase of garage then it can be said to be illegal and invalid.


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


Click here to login now



Similar Resolved Queries :