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Home Cooperative Queries

Query of Girish Mangleek

Mr. I C Naik by Mr. I C Naik
November 7, 2016
in Cooperative Queries
0
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My uncle purchased a share of Rs 100 in Lokpriya  sahakari Awas Samity Ltd Noida uttar pradesh He was expired in the year 2006 and having two sons.

1 Can the share be transferred  in the name of his two sons jointly/equally as it will be a inherited property for the sons.

2 Is 10% of acquisition cost chargeable as transfer charges for inherited properties.

You are requested to kindly provide your expert advice on the above issues.

I C Naik

Equal Share is correct buy for Transfer Premium please check in the Bye Laws.

Tags: bye lawscooperativepropertyShare Capital
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