we r registered society. recently one flat was sold. new purchaser has given related documents to society except share certifiate.. property is purchased by him thru loan. he says share certi is lying with bank. n that is in old members name. can bank give loan if share certi if not transfered in name whom loan is given? plus still share certi is not transfered in new members name and new member wants to give his flat to his friend for use. can society permit such members to enter into society? society requested him first get your flat fully transfered in your name then u give in leave n lic. or care taker.. but they don want to wait for shares to b trnasfered. in books of accouts the owner of property is old member only. can he do such thing n what society should take action in this matter. pl advice
