• Shall society give duplicate Share cirtificate to land owner by changing name from builder?

Sir,
Our land owner and Builder are having conflicte of money, At the time of society hand over Builder have taken Share cirtificates in his name duely signed by society members. this flats were allotted to land owner. land owner have sold the flats without intimating to builder nor society. now on basis of Index II he is demanding for share certificate for the sold flat.(Witch Builder has taken).Shall society give the duplicate share certificate to the New owner.
Asked 7 years ago in Property Law
Religion: Hindu

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13 Answers

1. It was absolutely illegal to issue Share Certificate in name of Builder, "IF" the Index-II (Registered Title Ownership document) was in the name of the Land-Lord. The Society shall give proper Notice to Builder to produce his Index-II and IF builders does not produce then simply publish Newspaper notice and cancel the said Share Certificates.

2. AFTER above, Society has to mandatorily issue new "ORIGINAL" Share Certificate to LandLord, AFTER verifying the original deed alongwith Index-II.

3. Society can initiate Recovery of outstanding dues of members under the provision of section 101 of the MCS Act, by following proper procedure of law.

Keep Smiling .... Hemant Agarwal

Hemant Agarwal
Advocate, Mumbai
5612 Answers
25 Consultations

1) inform landowner to produce original share certificate for transfer

2) duplicate share certificate are issued only when originals are lost

3) public notice has to be osssued for loss of originals then only duplicate share certificate are issued

Ajay Sethi
Advocate, Mumbai
99775 Answers
8145 Consultations

Society should issue legal notice to member to pay society dues

2) if he fails to pay pass resolution in MC to take recovery proceedings against member

3) society should take summary recovery proceedings against defaulter under section 101 of MCS act

Ajay Sethi
Advocate, Mumbai
99775 Answers
8145 Consultations

If you are secretary or the office bearer of the executive committee, you should know what your memorandum of association says about this. It will be clearly given what is to be done against such defaulters in the event of they not paying the maintenance amount. Disconnecting electricity connection and water supply will be equal to denying heir rights to basic amenities, it is illegal, unlawful and can be considered as an offence in the criminal law too, so better to proceed as per due course of law in this aspect.

Mohammed Mujeeb
Advocate, Hyderabad
19325 Answers
32 Consultations

Firslty, as per the information stated in the present query, makes it clear that the buyer has been facing problem due to the omission of act by the land owner.

Secondly, yes, society may give the duplicate to the new owner subject to the condition that society firslty satisfy itself about the prior certificate existence.

Thirdly, the person who has not been maintenance for too long, should be disallowed to enjoy the benefits of the services provided by the society.

Sanjay Baniwal
Advocate, South Delhi
5477 Answers
13 Consultations

Sir the share certificate cannot be issued to builder it has to be issued to flat owners and further duplicate is issued when the share certificate is lost.

Shubham Jhajharia
Advocate, Ahmedabad
25513 Answers
179 Consultations

Society can give a legal notice further and can file a recovery suit under cooperative society act.

Shubham Jhajharia
Advocate, Ahmedabad
25513 Answers
179 Consultations

The share certificate issued to the Builder by the society is invalid as the property was not belong to the builder.

The society can issue a notice to the Builder revoking the share certificate and issue new certificate to the property owners.

All the members of the society add required to pay their cam charges regularly and in case of default the society can start recovery process against them and remove the name from the list of members for the election purposes society is empowered by its by-laws to stop all the services to these apartments who are in default and can prohihit the use of common facilities provided by the society

Vimlesh Prasad Mishra
Advocate, Lucknow
6851 Answers
23 Consultations

1. noc of society is not required for sale of flat in society building

2. builder allots flats to owner in lieu of the owner submitting his land to builder for redevelopment

3. therefore owner does not need permission of builder to sell the flats coming to owner's share

4. builder should have been given share certificate by society only for the builder's share of flats which have remained unsold

5. society should not have issued share certificate in name of builder for the flats which builder had allotted to owner as part of his share

6. so society will have to amend the share certificate issued to builder for the flats which did not come to share of builder in new building

7. so plz revoke such certificates from the builder and issue fresh certificate with owner's name and name of his transferee

Yusuf Rampurawala
Advocate, Mumbai
7899 Answers
79 Consultations

This is my response to you:

1. Your query is not complete;

2. Please elaborate further on the same in a stepwise manner;

3. By the bare perusal of facts it seems that, the landowner has acted wrongly and he needs permission of society;

4. Send him a legal notice;

5. You can send also send a legal notice to the person not paying maintenance;

6. Consult a local lawyer and take steps.

Gowaal Padavi
Advocate, Mumbai
1919 Answers
5 Consultations

A member in society is not paying his maintenance charges from last 2 years. What action should be taken for recovery?

Send a notice for recovery.

if he does not pay then cancel his membership and file an eviction suit.

Regards

Anilesh Tewari
Advocate, New Delhi
18103 Answers
377 Consultations

The society has to confirm from the builder and should direct the builder to hand over the share certificate pertaining the owner's flats or to face consequences.

Then the society can make an endorsement as 'invalid' against the list of properties in respect of the original share certificate held by the builder and can issue duplicate share certificate by making an endorsement sating that duplicate share certificate issued.

T Kalaiselvan
Advocate, Vellore
89977 Answers
2492 Consultations

A member in society is not paying his maintenance charges from last 2 years. What action should be taken for recovery?

The society can take action against the defaulting member as per the provisions of the bye law, verify the same and proceed

T Kalaiselvan
Advocate, Vellore
89977 Answers
2492 Consultations

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