Cessation of Membership [Original Member]

A member of a housing society ceases to be a member under the following circumstances.
1. By resignation- Resignation will come into effect only after resignation is accepted by the committee.
2. On the death of a member.
3. On the transfer of  the member's all shares and interest in the capital / property of the society.
4. On the expulsion of the member from society and this resolution is accepted by Dy./Asst.Registrar of C.S.
5. When a member is declared as an insolvent or legally disable from continuing as a member.
6. When the whereabouts of the member are not known for seven years and his/her property is not claimed by anybody else.
7. When the member loses his/her interest in the property in pursuance of attachment / sale of his/her property.
8. When any Trust, Company, Firm or Corporate Body who is member of society is dissolve.

TAKING LOAN ON FLAT

TAKING LOAN ON FLAT FOLLOWING STEPS IS TO CONSIDER 

1. No member of society shall assign ,can take any loan or mortgage  or any charge on his/her flat from any Financial Institutions / Bank without the previous written permision  from society committee.
2. Society should give the NOC as per format given by  Financial Institutions / Bank  by adding the following clause or point in NOC format at the end in BOLD & CAPITAL  Latter which is as follow "SOCIETY OR IT'S ANY OF OFFICE BEARERS  SHALL NOT LEGALLY AND FINANCIALLY RESPONSIBLE FOR REPAYMENT OF THIS LOAN AND SOCIETY WILL MAKE LIEN ON THIS FLAT WHEN COPY OF REGISTER MORTGAGE DEED IS GIVEN BY FINANCIAL INSTITUTIONS / BANK TO THE SOCIETY ELSE SOCIETY WILL NOT  MAKE ANY KIND OF LIEN ON THE FLAT "   This point or clause should insert in the format since as per Model Bye-Laws No. 38[e][iv] any kind of Transfer [excluding Death Transfer] must be done by Register Document. If any Stamp Duty loss will find by Collector of Stamp then that will recover by either member of Society or from Society. So without Register Mortgage deed Society should not make any Lien on the flat. Since many  Financial Institutions / Bank may argue that they have exemption for register mortgage then ask them to produce that latter given by Inspector General Of Stamp , Maharashtra OR Collector of Stamp. Since they do not give any exemption to any one but all this   Financial Institutions / Bank  give wrong information and try to reduce their work. If some inquiry come regarding Loss of Stamp Duty then Society will come in Problem.  
3. If society can not respond regarding written permission to member, member may approch to Dy. /Asst. Registrar of society and ask them to give order to society U/S 79[2] for giving permission
4. If member want to mortgage his/her flat for Education purpose , Medical treatment purpose or some argent need ,etc for that managing committtee can call argent meeting/ circulating meeting and give the NOC with in  7 days of application as per formate  issue by  any Financial Institutions / Bank.
5. If committee can not give this NOC then member may approch to  Dy. /Asst. Registrar of society and ask them to give NOC by appointing Officer from the office  U/S 79[2] and [3] . Financial Institutions / Bank has to consider this NOC and take Indemnity Bond form that member.
6. Society has to maintain the record of member who take loan / mortgage his/her flat on Mortgage Register from the date of taking loan. Society must keep copy of NOC given to member for taking loan on the flat from any  Financial Institutions / Bank in Mortgage Register. Society also must take Latter from the Financial Institutions / Bank  who give loan to member regarding fill the detail in Mortgage Register and ” I” Register. As soon as loan repay and society get latter from Financial Institutions / Bank regarding this repayment of loan society must update the same in both Mortgage Register and ” I” Register.
7. As per Bye-Laws No 45 providing that such permission of the society will not be required for assigning, mortgaging or creating any charge on occupancyright in the flat for the purpose of obtaining loan, either for purchase of the flat or for liquidating the libility incurred by him/her for the said purpose by way of loan or advance from the employer of the member or from the Life Insurance Corporation of India[LIC] or from a Bank or the Society or any other agency approved by the Commissioner for Co-operation and Registrar,Maharashtra State,Pune.

                     

CHECKLIST OF TRANSFER DOCUMENT FOR DECEASED MEMBER TO NOMINEE / HAIRS OF FLAT TO BE SCRUTINIZED BY THE SOCIETY

Date-

TRANSFER OF FLAT / UNIT NO.:-                                                                                                   

PREVIOUS TRANSFER DATE:-

SHARE CERTIFICATE NO.:-

NAME OF THE DECEASED MEMBER:-

NAME OF THE NOMINEE / HAIRS.-

DUES INCLUDING REPAIRS CLEARED VIDE RECEIPT NO. :   ___________ ON: __________

CASE NO.1

DOCUMENTS SUBMITTED WHEN NOMINATION IS REGISTER WITH SOCIETY

1.                  Application for Membership Form No.15                                                 YES / NO

2.                  Undertaking on Rs.100/- Stamp Paper to use the flat for

       the purpose for which it is allotted Form No. 4                                         YES / NO

3.                  Form of Nomination. Form No 14                                                            YES / NO

4.                  Indemnity Bond on Rs. 200/- Stamp Paper duly                                        YES / NO

Notarized [as per Form No19-B]

5.                  Affidavit On Rs. 100/- Stamp Paper  duly Notarized                                 YES / NO

[To be given if there are more nominees than one]

6.                  Cheque for Entrance Fee Rs. 100/-                                                           YES / NO

7.                  Certified True Copy of the Death Certificate                                              YES / NO

8.                  Original Share Certificate                                                                           YES / NO

9.                  Original Nomination[maid by deceased member] copy                               YES / NO

10.              News paper ads [after 6 months of death]                                           APP/ NOT APP

11.               Undertaking on Rs.100/- Stamp Paper to discharge the Liabilities

of the society if the Prospective Member is a non-earning person

by earning family member Form. No. 5                                                     YES / NO

12.               Does the member have any other flat?                                                      YES / NO.

13.            Has he/she cleared all the dues of the other flats

    Belonging to him/his sister concern?    YES / NO                                                                           

14      Has Transferor keep any sub-let/Paying Gust?                                             YES / NO

15      Has it submitted Reg. Leave & licensee Agreement?                                    YES / NO

16      If Not then Indemnity Bond cum Affidavit on Rs.200/- Stamp Paper            YES / NO

          duly Notarized                               

CASE NO.2

DOCUMENTS SUBMITTED WHEN NOMINATION IS NOT REGISTER WITH SOCIETY

01     Application for Membership Form No.17                                                  YES / NO

02     Undertaking on Rs.100/- Stamp Paper to use the flat for

   the purpose for which it is allotted Form No. 4                                           YES / NO

03     Form of Nomination. Form No 14                                                             YES / NO

04     Indemnity Bond on Rs. 200/- Stamp Paper duly                                         YES / NO

         Notarized Form No19-B

05     Affidavit On Rs. 100/- Stamp Paper duly Notarized                                   YES / NO

         [to be given if there are more nominees than one]

06    Objections Notice in  2 NEWS Paper by Advocate.                                    YES / NO

         as per Form No.16

07    Advocate Report along with 2 copy of each NEWS Paper                          YES / NO

08    Cheque for Entrance Fee Rs. 100/-                                                             YES / NO

09   Certified True Copy of the Death Certificate                                                 YES / NO

10   Original Share Certificate                                                                              YES / NO

11   Undertaking on Rs.100/- Stamp Paper to discharge the Liabilities

       of the society if the Prospective Member is a non-earning person

       by earning family member Form. No. 5                                                        YES / NO

12   Does the member have any other flat?                                                         YES / NO.

13   Has he/she cleared all the dues of the other flats

 Belonging to him/his sister concern?                              YES / NO                                                                          

14   Has Transferor keep any sub-let/Paying Gust?                                              YES / NO

15   Has it submitted Reg. Leave & licensee Agreement?                                     YES / NO

16   If Not then Indemnity Bond cum Affidavit on Rs.200/- Stamp Paper             YES / NO

       duly Notarized                               

Note:

1.      On the death of member society has to inform the Nominee in written in 1 month after the death of the member that nominee has to transfer the share with in 6 months from the death of member and produce the document as per Case No 1. If there is no nominee register in Nomination Register of society than then society has to inform the all person of that flat to produce the document as per Case No.2 

2.      If will is done then in both case society has to transfer as per will and follow the process as nomination is done. Get the will certified copy.

3.      If nominee come after 6 months from the death of member then society have to give paper advertise in 2 paper asking any claim on that flat

4.      If no nomination done by member than paper advertise for asking objection by Advocate is must and along with advocate report 2 copy of that 2 news paper must be keep with society

SCRUTINIZED AND SIGN BY-

CHAIRMAN                         SECRETARY       

                 

        

     

CHECKLIST OF TRANSFER DOCUMENT FOR RESALE OF FLAT TO BE SCRUTINIZED BY THE SOCIETY

Date-

TRANSFER OF FLAT  NO.:-     

PREVIOUS TRANSFER DATE:-

SHARE CERTIFICATE NO.:-

NAME OF THE TRANSFEROR.-

NAME OF THE TRANSFEREE.-

DUES INCLUDING REPAIRS CLEARED VIDE RECEIPT NO. :   _______ ON: _______

DOCUMENTS SUBMITTED

1.                  Transferor hold share more than 1 year?                                               YES / NO 

2.                  Notice of intention of member to Transfer

his/her shares Form No 20[1]                                                               YES / NO

3.                  Letter of Consent of the Proposed

Transferee Form No.20[2]                                                                    YES / NO

4.                  Resignation Of membership of the

Society by a member Form No. 13                                                       YES / NO

5.                  Application for Transfer of Shares

and Interest Form No. 21                                                                      YES / NO

6.                  Application for Membership Form No.23                                              YES / NO

7.                  Undertaking on Rs.100/- Stamp Paper to use the flat for

       the purpose for which it is allotted Form No. 4                                      YES / NO

8.                  Form of Nomination. Form No 14                                                        YES / NO

9.                  Cheque for Entrance Fee Rs. 100/-                                                       YES / NO

10.              Cheque for Transfer Fee Rs. 500/-                                                        YES / NO

11.              Cheque for Premium Amount.                                                                YES / NO

12.              Certified True Copy of the Agreement / Gift Deed

Stamp & Registered with Sub-Registrar                                                 YES / NO

13.              Copy of Possession Letter                                                                      YES / NO

14.              Original Share Certificate                                                                        YES / NO

15.              Undertaking on Rs.100/- Stamp Paper to discharge the Liabilities

of the society if the Prospective Member is a non-earning person

by earning family member Form. No. 5                                                    YES / NO

16.             Does the member have any other flat ?                                              YES / NO.

17.              Has he cleared all the dues of the other units Belonging to 

            him/his sister concern?                                                                      YES / NO                                                                                 

18.              Has any letter been received by the society

            Registering the lien on the flat before Transfer

           of this Flat  ?                                                                                      APP./NOT APP

19       Has any letter been received by the society to removed

     the lien on the flat  before Transfer ?                                                YES / NO

20      Has the lien on the flat removed?                                                      YES / NO

21      Has any letter been received by the society

          Registering the lien on the flat after Transfer

           of this Flat  ?                                                                                        APP./NOT APP

22    Has the lien on the flat/unit registered?                                                      YES / NO

23     Has Transferor keep any sub-let/Paying Gust?                                          YES / NO

24    Has it submit Reg. Leave & licence Agreement?                                       YES / NO

25     If Not then Indemnity Bond cum Affidavit on Rs.200/- Stamp Paper          YES / NO

Note :

1.      Ans. of point No. 1 Must be always Yes else Committee Member may come in problem

2.      For Company/Trust/Firm or Corporate Body in point No 5 Form No is 22  Not 21

3.      For Company/Trust/Firm or Corporate Body in point No 5 Form No is 24  Not 23 

SCRUTINIZED AND SIGN BY-

CHAIRMAN                         SECRETARY