Transfer process required by Nominee to transfer the flat

Transfer of Shares and interest of the Deceased Member in the Capital / Property of the
Nominee / Nominees Bye Laws - 34
Following form are required when a flat transfer by a Nominee (Nomination done by deceased
member):

Submitted
Sr No Name Of Form/Application Form No. Verified By
✔|✘
1 Application for Membership
2 Death certificate – Original
Release deed of legal heirs in favour of
3
Nominee
A form of application for membership by
4 15
the Nominee/Nominees, Bye-Laws No 34]
The form of undertaking to be furnished by
the prospective member to use the flat for
5 the purposed for which it is allocated. (Bye 3
laws No. 19 (a) (iv)) On Rs. 200/- Stamp
Paper
Indemnity Bound on Rs. 500/- Stamp Paper
6
duly Notary.
Copy of Duplicate & triplicate Nomination
7
where Nominee name written
Photo Copy of ID Proof PAN & AADHAAR
8
CARD of Applicants
9 Nomination Form for Incoming Member 14
10 New owner information (KYM)
Photo Copy of ID Proof PAN & AADHAAR
11
CARD of Applicants
Transfer Fee as per Bye- Law No. 38 (e ) (vii)
12
Rs. 500/-
Entrance Fees as per Bye- Law No. 38 (e )
13
(viii) Rs. 100/-
What Bye – Law No. 34 Says?
1. Subject to the provisions of Section 30 of MCS Act. 1960 Bye-law No. 17A or 19, on the
Death of a Member, the Society shall transfer the shares and interest of the deceased
Member in the Capital/Property of the Society to the Nominee/Nominees and in
proportion with the shares and interest held by the deceased Member, in case property
is purchased by Member and associate Member jointly.
2. In the event of the death of the Member, Nominee/Nominees shall submit the
Application for Membership, within six months from the death of a Member.
3. If there is 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.
4. The other nominees shall be enrolled as Joint/Associate Members unless the nominees
indicate otherwise.
5. The nominees shall also file an Indemnity Bond in the prescribed form Indemnifying the
Society against any claims made to the shares and interest of the deceased Member in
the Capital/Property of the Society by any of them, in case only one nominee is
indicated by the Nominees for Membership of the Society.
Note:- In case of acquiring Membership on the basis of Nomination, such Member shall hold
the flat / unit in 'trust' till all the Legal Heirs are brought on record and shall not have the right
to ownership and shall not create third party interest or alienation in any way whatsoever.

Click here to join CHS Helping Groups

Click here to join our Telegram CHS Helping Group.
For more information please click here.