How do I fill a housing society share certificate?

How do I fill out a society share certificate?

The name and the order of names (for primary/associate member) should appear exactly as it is on the original sale agreement between the member and the builder. The member has to indemnify the society against any loans against its name, finish any paperwork and clear any arrears that have to be paid to the society.

How do I write a letter to a cooperative housing society for share certificate?

Respected I bought a flat/ house bearing flat/ house number _________ (Flat number/ House number) and for which I was supposed to receive a share certificate. I request you to kindly issue the certificate at the earliest. I shall be highly obliged.

How do I add a name to my society share certificate?

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/-.

THIS IS IMPORTANT:  Question: How do I pledge shares in NSDL?

Can a society issue share certificate 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.

Can I sell my flat 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.

When can a society issue share certificate?

After verifying all the submitted documents Society has to issue the share certificate within six months from the date of allotment of shares.

What is share certificate of Housing society?

Share certificate is a legal document/certificate that is given by housing committees. It certifies that the resident is a legal owner of shares in the cooperative housing society. It is given free of cost to and is a mandate as per the by-laws of housing societies.

How do I write a letter of share certificate?

Dear Sir, This is to inform you that as per your Request Application No. 50, I am hereby authorised to issue you a Share Certificate. The said Share Certificate will be delivered to you within 15 days from the date of this letter by registered post to your registered address as mentioned in the Register of Members.

How can I get share certificate online?

Details Mentioned in Share Certificate

  1. The share certificate should be issued in Form SH-1 or any document that resembles Form SH-1.
  2. Name of the Company.
  3. CIN Number of the Company.
  4. Registered Office of the Company.
  5. Name of the owners of the shares.
  6. Folio number of the member.
THIS IS IMPORTANT:  How many shares should a founder have?

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.

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.

How are share certificates issued?

Procedures for issuing Share Certificates

The board of directors assigns a committee of directors known as the allotment committee. The allotment committee would then decide about the allotment of shares. … This letter of allotment is considered as the share certificate till the issuance of the final certificate.

What if society is not giving share certificate?

Within 15 days of you submitting the file to the Society, if Society has not given you the Share certificate, then you write a reminder letter to the Society, asking it that in another 15 days (after reminder letter) if you don’t get the Share Certificate of your flat, then under Bye-law No.

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.

THIS IS IMPORTANT:  How do I add a name to the share certificate of Housing Society?

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 …