Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

amar (partner)     29 January 2021

Transfer fees in case of transfer to blood relative

I have a property in Gandhinagar, Gujarat which was originally purchased by my real brother, but since he had to move to another state due to work purpose, he decided to transfer it to me with some consideration amount. I have two questions 1) Can society charge Transfer fee in case of transfer to blood relative 2) Society has not issued share certificates to members since our society is in legal dispute due to fraud done by the builder and society does not have NOC from authorities. Can society charge transfer fees in this case?



Learning

 2 Replies

Kishor Mehta (CEO)     29 January 2021

Society can not charge transfer fee when the premises are transferred to blood relation. 

Dr J C Vashista (Advocate)     31 January 2021

No, the Society can not charge any such fees.

Cooperative Soceities Act is a State subject which slightly differ from State to State.

It is advisable to consult and engage a local prudent lawyer for better appreciation of facts/ documents, professional guidance and necessary proceeding.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register