Hrushi 17 September 2025

Co.op.hsg.society mumbai, maharashtra

Can a co op hsg soc in mumbai issue Share certificate of Flat in name of Karta and mention in certificate that "name of karta-huf -through wife". If Karta is Secretary of the society.Sale Agreement mentions only name of Karta. Share Certificate mentions Name as: Mr. XYZ HUF through (wife) Mrs. AXZ. Is this allowed?

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Quick Summary

This discussion explores whether a co-operative housing society in Mumbai can issue a share certificate for a flat in the name of the Karta (manager) of a Hindu Undivided Family (HUF), with the wife mentioned as the representative. The legality hinges on whether the property was purchased under HUF and if the sale deed and share certificate application reflect this. While a sale deed in the Karta's name is permissible, the share certificate's format requires careful consideration to ensure it aligns with the property's title and the society's rules.

3 Replies

T. Kalaiselvan, Advocate (Advocate) 17 September 2025

If the property is purchased by an individual then the act of furnishing the share certificate by the society in the name of karta is invalid and illegal.

If this was purchased under HUF and if the sale deed itself is in the name of karta as well as if the application for share certificate was in the name of Karta then it can be justified and not otherwise.