change in the name of the joint holder in housing flat share certificate
This query is : Resolved
10 August 2017
I am residing in a flat where the joint holders are my mom and father. Since my father expired, i want to replace the name of my father with my brother as one of the joint holders of the shares. Please let me know if it is possible and what is the process. there is no will or nomination of my father. can the first holder transfer the shares to the deceased
Amol S Joglekar
(Expert)
10 August 2017
is it society or apartment?
Amol S Joglekar
(Expert)
10 August 2017
Housing Society as such, does NOT allow joint membership. It is against cooperative society's act.
It seems you have the share certificate in 3 names.....right?
It seems you have the share certificate in 3 names.....right?
10 August 2017
two names since the ownership agreement was in my father's and mothers name
10 August 2017
I understand joint ownership is possible if there are CO owners
Amol S Joglekar
(Expert)
10 August 2017
No, that is NOT possible. Many societies, in the absence of clear guide line from Cooperative department do issue joint share certificate. But it is wrong ab initio.
Any way, in your case, as you have pointed out, the agreement with the builder & promoter (probably) had been entered into 3 names which must have prompted your society to issue the share certificate i 3 names. Now what you can do is submit the death certificate of your father and along with that request the society to add the name of your brother in place of your father. Please note, make these 2 application separate from each other.
Any way, in your case, as you have pointed out, the agreement with the builder & promoter (probably) had been entered into 3 names which must have prompted your society to issue the share certificate i 3 names. Now what you can do is submit the death certificate of your father and along with that request the society to add the name of your brother in place of your father. Please note, make these 2 application separate from each other.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- TAX AUDIT ON PROFESSIONAL INCOME
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
