Rewansh Jain (SA) 15 January 2011
Hi,
I have 2 flats in mumbai in an old building. While buying them from d developer I had made just 1 agreement but they both were named sepratelyin the same. Last year our society was formed and they have issued a sigle share certificate for both of them as they say we have only 1 agreement. Now i want to sell them seperately. Is this leaglly possible if yes then what should be done and how should I go about.
adv. rajeev ( rajoo ) (practicing advocate) 15 January 2011
You can sell one of the flats seperately. One share certificate means it is certificate to show that you have share in the society. Share certificate is not mandatory to sell your flat, only absoute ownership is necessary.
V. VASUDEVAN (LEGAL COUNSEL) 15 January 2011
The share certificate is for one share or more than one share. If it is just one share, then it cannot be split. Shareholding in the society is also a requisite for sale/the purchaser becoming a member.
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