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Appendix - 21 (Under The Bye-Law No. 38 (E) (I) )

1. The document is an application form for transferring shares and property interest in a cooperative housing society from an individual transferor to a proposed transferee. 2. It provides details of the transferor such as their membership details, notice given of intent to transfer, details of transferee's application for membership, payment of transfer fees and premium. 3. The transferor confirms their shareholding period, payment of liabilities, and undertakes to pay future liabilities related to their membership period.

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Abhishek Ganvir
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348 views

Appendix - 21 (Under The Bye-Law No. 38 (E) (I) )

1. The document is an application form for transferring shares and property interest in a cooperative housing society from an individual transferor to a proposed transferee. 2. It provides details of the transferor such as their membership details, notice given of intent to transfer, details of transferee's application for membership, payment of transfer fees and premium. 3. The transferor confirms their shareholding period, payment of liabilities, and undertakes to pay future liabilities related to their membership period.

Uploaded by

Abhishek Ganvir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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APPENDIX – 21

[Under the Bye-law No. 38(e) (i)]


Form of application for transfer of shares and interest in the capital/ property of the society by the
transferor (being an individual)

To,
The Secretary,
………………………………………………….. Co-operative Housing Society Ltd,
…………………………………………………..
Sir,

1. I Shri/Shrimati …………………………………………………………….. am the member of ……………………….…….


Cooperative Housing Society Ltd., having address at and holding share certificate No ……………………..…….
for ten fully, paid up shares of Rupees fifty each, bearing distinctive numbers from …….. to ………(both
inclusive) and holding Flat / Tenement No …………………………………… admeasuring ……… sq. meters in the
building of the society, numbered / known as………………………………………………

2. I had given you notice of my intention to transfer the said shares and my interest in the capital /
property of the society on as required under Rule 24 (1) (b) of Maharashtra Co-operative Societies Rules,
1961 along with the consent of the proposed transferee Shri / Shrimati / Ms …………………………………………

3. I enclose herewith the application in the prescribed form for membership of the said society by
the said proposed transferee.

4. I remit here with the transfer fee of Rs. 500/- (Rupees Five Hundred only ) I also remit herewith
the amount of the premium of Rs ………………………………………. (Rupees ………………………… only) as provided
under bye-law No. 38 (e) (ix) of the bye laws of the society.

5. I state that the said shares and interest in the capital /property of the said society have been
held by me for a period of not less than a year.

6. I further state that the liabilities due to the said society by me as on the date of this application
have been fully paid by me. I also undertake to pay the liabilities which may become due till the transfer
application is approved by the society.

7. I hereby undertake to discharge any liabilities to the said society which related to the period of
my membership with the said society and have before payable by me after cessation of my membership
of the society due to any demand made by the local authority, Government or by any other Authority on
any account, after cessation of my membership.

8. I propose to transfer the said shares and my interest in the capital / property of the said society
on the following grounds.
i) ………………………………………………………………………………………………………..
ii) ………………………………………………………………………………………………………..
iii) ………………………………………………………………………………………………………..

9. I also furnish herewith the undertaking in the prescribed form on One Hundred Rupees stamp
paper about the registration of the transfer as required under section 269-A-B of Income Tax Act

10. I request you to approve the proposed transfer and inform me accordingly.

Place:

Date:

Yours Faithfully,

(Signature of the Transferor)

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