society transfer shares to a new member

When can the society transfer shares to a new member who bought premises from an earlier member?

Que. When can the society transfer shares to a new member who bought premises from an earlier member?
 
The Transferor and the Transferee of the flag have to submit documents in the prescribed forms as written up in the byelaws of the Society eg Consent of Transferor and Transferee, Application by the purchaser, undertaking by the Transferee about the usage of Flat, copy of the Index 2, and a copy of the registered purchase agreement.

    • Related Articles

    • Can builder be made member of society for unsold units held by him ?

      Can builder be made member of society for unsold units held by him? Yes, the builder can be made member of society for unsold units held by him.
    • FSI/TDR transfer process

      Que .The Conveyance Deed draft is being prepared with the developer where most of the points are covered except the future of FSI/TDR transfer. Builder wants to retain it which is very controversial for many societies. How crucial is it to have ...
    • Process to remove a member from the management committee

      Que. What's the process to remove a member from the management committee? If a member has not attended the last many meetings and is also creating problems with other members? Can the committee take a vote and remove him/her? A person ceases to be ...
    • Guideline of nomination and election

      Que. What are the guidelines for nomination and election of members to the MC? Should the person be a society member for some years or within his 1st year of society membership can he can be nominated to the MC? What are the rules in terms of number ...
    • Whether an associate member is eligible for office bearer ship?

      After the 97th amendment in the Constitution, there has been a change in the Definition of an Associate member. Now again after framing of the New chapter there has been a new term - Joint Member. But now in the new chapter the definition of ...