Dear Learned Professionals,
An individual is proposing to acquire a commercial property in Mumbai owned by a LLP, Its status as LLP was changed in 2009 before that it was a company under the Companies Act, 1956. The shares are still in the name of the company but not in the name of LLP since change of name in society records has not taken place.
a) Whether NOC of society to sale is required. It is mentioned in bye laws to obtain NOC whereas Section 22 & 23 of MCS Act does not mandates same;
b) If answer to a) above is yes then whether society can deny the NOC to sale till new name is changed in society's records or it can be issued in old name also?
You are requested to share your views quoting relevant provisions/case laws/rulings in this regard.