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Dinesh Kargutkar (Finance Exec-Treasurer of CHS)     19 March 2012

Transfer of shares after death of a member

Sir,

In case of a deceased member we have followed all the procedure as he has made his nomination in the name of his wife. Now the property is mortgaged with the bank and some amount is outstanding, can we transfer the shares in the name of the nonminee? or we have to get he NOC from the bank? Indemnity Bond in favour of society is taken........

thanks

Dinesh



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