What is form of nomination under Bye Law No 32?
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. Societies Rules, 1961, I hereby nominate the person/s whose particulars are as given below.
Can nominee attend AGM of housing society?
A nominee cannot be allowed to attend the AGM of a housing society. He also cannot be allowed to propose any resolution or vote for any resolution in the society’s AGM.
How do you transfer a house in case of death?
However, in the case of death of a spouse, the property can only be transferred in two ways. One is through partition deed or settlement deed in case no will or testament is created by the deceased spouse. And second is through the will deed executed by the person before his/her last death.
Can nominee sell the flat?
As a nominee, they holds the flat in trust for the legal heirs of the deceased and they will be bound to transfer the flat in the name of such legal heirs and will not be legally entitled to sell/transfer the flat to any third party without the daughter’s consent.
Can POA holder attend society meeting?
No proxy or a holder of power of attorney or letter of authority is eligible to attend an Annual General Body Meeting of the Society on behalf of a Member of the Society.
Can family member attend society meeting?
The answer is yes. As long as you hold joint ownership of your residence in a housing society, and if your name appears on the society’s share certificate, you are liable to receive all the benefits of membership.
What if nominee is not legal heir?
As per Supreme Court judgements, a nominee is merely a custodian of the asset/money, and the actual heir to the FD is the person to whom you left it in your will. If the two persons are different then the actual heir will have to claim the money from the nominee.
Can nominee be changed in property?
In the said registration time your can make nominee of your parents in the same deed. in the said sale deed you cant mention the future transfer clause. Once after the registration is complete and you will become the absolute owner, then you can execute a a WILL infvour of the property to your parents.
What happens if there is more than one nominee to a co-operative Housing Society?
If there are more than one Nominee, on the death of a Member, such Nominees shall make Joint Application to the Society and indicate the name of the Nominee who should be enrolled as Member. The other nominees shall be enrolled as Joint/Associate Members unless the nominees indicate otherwise.
Can a nominee of a housing society be a member?
A Nominee never has a “registered Sale-Deed” in his name, HENCE a Nominee CANNOT be a Title-Owner .OR. a member of the Society.
What is the Bye Law no.19 ( B )?
[Under the bye-law no. 19 (B)] The form of application to be made by a Firm, or a Company or any other Body Corporate for getting Associate Membership with such a person already been admitted as a member of the Society.
Where is no nomination by member in society?
3.6 procedure where No Nomination by Member in Society Bye law No. 35 provides that where a member of the society dies without making a nomination or no nomination comes forward for transfer, the society after knowing this shall display such a notice in the prescribed form exhibited on the notice board of the society.