I truly thank and appreciate your very prompt response to my query.Ours is a Society formed for a builder constructed building. We have all together 55 flats and 6 shop galas. The builder had done his part of getting the society formed. On asking the builder about the conyeance deed issue, he said he has already provided the format and procedures to the society to get the conveyance deed, the ball is in societys court. Were as the Chairman of the society blames the builder.
I had also applied in written for a NOC, i got the NOC from the society chairman in which he has mentioned "He also holds 5 shares of Rs. 50/- each in his name of the said society" [He - is myself and his name is myself ].
He also told me that if a written application is made for share certificate transfer by me and the then flat owner, the share certificates will be transferred in the buyers name if the flat sale is through.
I still donot understand why he is not giving any of the society members the society share certificates in their name, which are present with him. How can an individual flat owner just on holding society share certificate make a claim on society tile or conyeance deed. Also does the society share certificate have any registration or record made with the government registration.
Kind Regards & Many Thanks