How do I add a name to the share certificate of Housing Society?

To add your daughter’s name in your share certificate, make a Gift Deed of your flat with your daughter, gifting her certain percentage value of your flat. For this Gift Deed, stamp duty is Rs. 200/- and registration charges is also Rs. 200/-.

How can I add second name in share certificate?

Change the name of Physical Share Certificates:

  1. Request Letter mentioning the reason for the name change.
  2. Affidavit.
  3. Attested copies of Marriage Certificate or Gazzate Notification.
  4. Self Attested copy PAN Card duly notarized.
  5. Self Attested copy Address Proof duly notarized. …
  6. Original Share Certificate.

Can share certificates be in joint names?

One has to ensure that in case of a joint ownership share certificates issued by the society should include both names. Some old housing societies have issued share certificates only in the first owner’s name and in such cases the joint owner will have no rights in the society.

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How do I change the name on a property share certificate?

You will have to give a public notice stating that your name is changed. After the public notice you will have to approach the sub registrar with whom you have registered the agreement under the previous name along with the public notice and the official Gazette which shows the name change.

Is society share certificate proof of ownership?

While your sale deed is the proof that the property has been legally transferred in your name, a share certificate is a legal proof that you are the rightful owner of the co-operative housing society’s shares.

When can society issue duplicate share certificates?

If no objections are received within fifteen days from the date of issue of Public Notice as also after affixing the Notice on the Notice Board then the Society shall finally proceed ahead to issue a Duplicate Share Certificate.

How do I change a share certificate?

How to replace a lost share certificate

  1. 1 Verify the request for a replacement share certificate. …
  2. 2 Seek an indemnity from the shareholder. …
  3. 3 Consider seeking a third party indemnity guarantee. …
  4. 4 Record the replacement share certificate. …
  5. 5 Issue the share certificate.

How do I remove my name from society share certificate?

Also by same documents you can apply and. take. share certificate from the society.

  1. Mere deletion of name of Father, from Society’s membership is possible, via a Application + Death Certificate + Indemnity Bond. …
  2. HOWEVER, the above will not delete the Title-Ownership rights of the deceased Father.

Can society deny share certificates?

10 Answers. Send a legal notice to the Society calling upon them to forthwith do the formal transfer of share certificates in your name. … The society certainly can’t do so and if they do you can explore legal recourses. For this you may lodge complaint with the Registrar of cooperative society and then in the high court …

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What is a disadvantage of joint tenancy ownership?

There are disadvantages, primarily tax disadvantages, to either type of joint tenancy for estate planning. You might incur gift taxes when creating joint title to property. … To avoid both probate and estate taxes, you must give away the ownership, control, and benefits of the property.

Can share certificate be issued without conveyance deed?

You must have the conveyance deed from the builder and it should be in the possession of your housing society. Before the housing society can issue a share certificate, ensure that the property is free of encumbrances. … The share certificate must also be authorised by the committee, before it is issued.

Who keeps original share certificates?

Such Blank Share Certificates shall be kept in the custody of the Secretary or such other person as the Board may authorize for the purpose. D. Time period for preservance of book relating to share certificate. All books relating to share certificates shall be preserved in good order not less than thirty years.

Can we sell property without share certificate?

You have to furnish the registered sale deed. … Another important document is original share certificate, showcasing that the shares issued for flat/house are in the name of seller and he/she is member of the society.

What happens if society share certificate is lost?

File an FIR in the local police station stating that you have lost the original share certificate issued to you by the housing society. … You shall then submit an indemnity bond on a stamp paper of Rs 200 to the society agreeing to indemnify/cover all the costs it shall bear to issue a duplicate share certificate.

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Is a share certificate a deed?

In the absence of additional specific wording that makes it clear on its face that it is intended to be a deed, a share certificate does not constitute a deed as defined in section 1(2) of the Law of Property (Miscellaneous Provisions) Act 1989.

How does a share certificate work?

A share certificate account is similar to a certificate of deposit (CD), but is issued by a credit union (like Chartway), rather than a bank. … The dividends, or earnings, you can make on a share certificate are typically quoted in terms of the annual percentage yield, or APY.