Regarding transfer of share certificate
3 years ago
My father in-law and mother in-law both are expired but step mother in-law(adopted) is alive ,in this case how co-operative housing society Ltd can transfer share certificate and whose name they can transfer
Ankur Goel @ Complete Law Shield
Responded 3 years ago
A.in this sequence...
WILL
Nomination
legal heirs/succession
WILL
Nomination
legal heirs/succession
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A.You will have to see for the nomination made in the society office of the co-op society. In case of no nomination, second consideration will go for the WILL. INcase of no nomination and no WILL then the property will be transferred on equal basis belonging to the class of heirs.
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ADV. ANISH PALKAR (High Court)
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ADV. ANISH PALKAR (High Court)
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Tanmoy Chattopadhyay
Responded 3 years ago
A.The first right to those shares will be the person in whose name the nominee is made. In case there is no nominee or the nominee is not alive then it would devolve as per the law of succession which will depend on the religion to which you belong. Ordinarily if its a case of hindu succession or under Indian Succession act then the shares will be equally divided between all the class 1 heirs of the deceased father in law which will include your spouse and her siblings if any along with one share to your step mother in law.
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A.hey,
In case of death of the person named first in the share certificate, the Associate ... In a case where both nomination and Will is prepared, the Will will prevail .
if you like my answer pls give me good rating.
In case of death of the person named first in the share certificate, the Associate ... In a case where both nomination and Will is prepared, the Will will prevail .
if you like my answer pls give me good rating.
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.hey,
In case of death of the person named first in the share certificate, the Associate ... In a case where both nomination and Will is prepared, the Will will prevail .
if you like my answer pls give me good rating.
In case of death of the person named first in the share certificate, the Associate ... In a case where both nomination and Will is prepared, the Will will prevail .
if you like my answer pls give me good rating.
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