Share certificate


Opinion Is sought on the following:

 

  1. Is issuance of share certificate essential for applying and obtaining conveyance? 
  2. Can a Registered Co-operative Housing Society within Mumbai city limits, in the absence of receipt of formal written information from MHADA, confirming the names of individuals to whom they have sold/allotted the flats, pending conveyance of land, issue and handover share certificate to the members?
  3. If answer to point 2 is YES, what is the procedure that needs to be adopted?
  4. If answer to point 2 is NO, is there a way out legally?

Will appreciate the reply supported with reference and mention of relevant section, Act and judgments.

Regards

 
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