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Sibsankar Datta (Freelance)     10 May 2023

Issuance of duplicate share certificate to the legal heiress of a deceased member of a coop hsg soc.

A deceased member of a Cooperative housing society and his deceased nominee (wife) left behind 2 sons and on married daughter.

Now the legal heirs informed the Society that their younger son may be inducted as the member of the Society and the elder brother will be the nominee.

Reportedly the title deed including Share Certificate is not traceable by the legal heirs.

The legal heirs requested the Secretary of the Cooperative Society for issuing a Duplicate Share Certificate for their requirements. 

Can the Housing Cooperative Society issue a duplicate Share Certificate in the name of the deceased member and what are the necessities for such issuance of duplicate Share Certificate?


 2 Replies

T. Kalaiselvan, Advocate (Advocate)     11 May 2023

The  society may not entertain the application for issuing duplicate share certificate in the name of the deceased owner/shareholder to the legal heirs of the deceased.

The legal heirs who are succeeding to the estates as successors in interest can apply for transfer of share certificate to their names directly by producing the death certificate and the legal heirship certificate

Real Soul.... (LEGAL)     11 May 2023

The legal heirs can get dupicate copy of the certificate, there is no bar in that.

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