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Dinesh Kargutkar (Finance Exec-Treasurer of CHS)     11 January 2012

Death of member

 

Sir,

In the nomination form the deceased member has registered his nomination as under :

Wife   -  50%

Son 1 - 25%

Son 2  - 25%

But his is wife also dead. Now what is the procedure to trnasfer the shares in the name of nominees as 50% nominee is dead. please explain the procedure.....

thanks

Dinesh



Learning

 1 Replies

Mihir..... (Wealth Manager)     13 January 2012

Since 50% of the nominee is deceased, the two son can prepare a affidavit-cum-declaration stating that they will share the flat 50-50. Get a lawyer to draft this affidavit. The society will find this formality satisfactory. 


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