I had purchased two premises prior to 1994 and was allotted one share certificate by the society for both the premise. Now I sold both the flats to two different purchasers and i have put the xerox copy of my share certificate in both the agreements and now they the purchasers are having issues with the society as there was only one share certificate. Please advice what can be done.
I C Naik
The Purchaser has to subscribe minimum shares to be eligible to become member. A member can have more than one flat. But every member must have at least one share certificate in his name.