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Get Lexim Associates Appendix-14

Hri/Smt. am the member of the Co-operative Housing Society Ltd., having address at 2. I hold the share certificate no. dated fully paid up shares of Rupees fifty each, bearing number from to (both inclusive), issued by the said society to me. 3. I also hold the Flat No. admeasuring sq. meters, in the building of the said.

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Nominee implies a person nominated by another to act as a custodian of the assets, in the event of death. Legal Heir refers to successor, whose name is mentioned in the will of deceased, as the final owner of assets. The hands authorized to receive the amount or asset. The hands entitled to own the amount or asset.

According to law, a nominee is a trustee and not the owner of the assets. In other words, he is only a caretaker of your assets. The nominee will only hold your asset as a trustee and will be legally bound to transfer it to the legal heirs. ... A legal heir will be the one whose is mentioned in the will.

However, by virtue of the nomination or the transfer of the flat/shares to the nominee, the nominee herself does not become the owner of the flat/shares or become entitled to sell/transfer the flat to any third party. The purpose of the nomination is to make certain the person with whom the society has to deal with.

Rights of nominees and legal heirs There is a general perception, that the nominee becomes the owner of the asset, once it is transferred in his name or is handed over to him. However, the rule is subject to a few exceptions, that the nominee becomes a trustee to hold the property on behalf of the legal heir.

However, by virtue of the nomination or the transfer of the flat/shares to the nominee, the nominee herself does not become the owner of the flat/shares or become entitled to sell/transfer the flat to any third party. The purpose of the nomination is to make certain the person with whom the society has to deal with.

The shares of cooperative society are not issued to general public by advertisement and can be issued any time. Shares can be withdrawn member / society as prescribed by rules in their byelaws. Shares are issued to general public or by invitation. In a company shares cannot be withdrawn by a share holder.

Share certificate serves as an important document for shareholders to prove ownership in a company. Share certificate must be issued by a company after incorporation to its shareholders on receipt of money for capital.

A share certificate is a certificate issued by a company certifying that on the date the certificate is issued a certain person is the registered owner of shares in the company. ... the number of shares held. the class of shares. the amount paid (or treated as paid) on those shares.

The society has a valid reason to deny the share certificate. ... society can take time to issue share certificate, society should issue notice to the owners who have not paid maintenance money.

1:38 4:26 Suggested clip What documents are required to get share certificate? Property ...YouTubeStart of suggested clipEnd of suggested clip What documents are required to get share certificate? Property ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232