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Appendix 21

The document is a form for applying to transfer shares and interest in a cooperative housing society. It includes details like the applicant's name and address, share certificate number, flat details, notice provided of intent to transfer, consent of proposed transferee, reasons for transfer, and undertakings regarding liabilities and registration of transfer.

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148 views2 pages

Appendix 21

The document is a form for applying to transfer shares and interest in a cooperative housing society. It includes details like the applicant's name and address, share certificate number, flat details, notice provided of intent to transfer, consent of proposed transferee, reasons for transfer, and undertakings regarding liabilities and registration of transfer.

Uploaded by

saifin consultancy
Copyright
© © All Rights Reserved
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102

APPENDIX 21

[Under Bye-law no. 38(e)(i)]

Form of application for transfer of Shares and interest in the Capital/


Property of the Society by the Transferor (being an individual).

To

The Secretary,
............................................... Co-operative Housing Society Ltd.
...............................................

Sir,

1. I Shri/Shrimati ...........................................................................................
am the member of the ............................................. Co-operative Housing Society
Ltd., having address at ........................................ and holding the Share Certificate
No. .............................. for ten fully paid up shares of Rupees Fifty each, bearing
distinctive numbers from ..................... to .......................... (both inclusive) and
holding the Flat / tenement No. ...................... admeasuring ......................... Sq.
Metres, in the building of the said Society. numbered/ known as
...............................................

2. I had given you notice of my intention to transfer the said shares and my
interest in the capital/property of the Society on ............................................. as
required under Rule 24(1) (b) of the Maharashtra Co-operative Housing Societies
Rules, 1961, alongwith the consent of the proposed transferee, Shri/Shrimati/M/s
....................................................................................

3. I enclose herewith the application in the prescribed form for membership of


the said Society by the said proposed transferee.

4. I remit herewith the transfer fee of Rs. 500/- (Rupees Five Hundred only). I
also remit herewith the amount of the premium of Rs.....................................
(Rupees .............................................................. only), as provided under bye-law
no. 38(e)(ix) of the bye-laws of the Society.

5. I state that the said shares and interest in the capital/property of the said
Society have been held by me for a period of not less than a year.
103

6. I further state that the liabilities due to the said Society by me, as on the date
of this application, have been fully paid by me. I also undertake to pay the liabilities,
which may become due till the transfer application is approved by the Society.

7. I hereby undertake to discharge any liabilities to the said Society, which


related to the period of my membership with the said Society and have become
payable by me after cessation of my membership of the said Society due to any
demand made by the local authority, Government or by an other authority on any
account, after cessation of my membership.

8. I propose to transfer the said shares and my interest in the capital/property of


the said Society on the following grounds :

(i) ..............................................................................................................

(ii) ..............................................................................................................

(iii) ..............................................................................................................

9. I also furnish herewith the undertaking in the prescribed form, on one


hundred rupee stamp paper, about the registration of the transfer, as required
under Section 269 AB of the Income-tax Act.

11. I request you to approve the proposed transfer and inform me accordingly.

Yours faithfully

(Signature of the Transferor)

Place :

Date :

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