Society share certificate for a resale flat- pune

This query is : Resolved

Manu Mishra (Querist)
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04 November 2012 Hi Team,

I am located in Pune. I have recently purchased a resale flat in a co-operative society. The whole deal is done and all the payments are made and the possession of the flat has been taken 2 months back.

Now the issue is that the old (original) share certificate is with the seller and he is not ready to surrender it. He is asking for additional money (out of the deal) for the Share certificate.

All the legal documents (Sale Agreement, Sale deed etc.) are with me and I have also got NOC from the society before purchasing the flat.

Now what should be my steps and what should I be telling to the society to do.

Can I get into some legal trouble for not having the share certificate transferred?
Also can society discard the old share certificate and issue me a new one?

Waiting for your response.

Regards,
Manu Mishra
09822984734

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Guest (Expert)

04 November 2012 YES YOU CAN BE IN TROUBLE IN FUTURE, BUT DONT WORRY ASK SOCIETY TO CANCEL THE SHARE CERTIFICATE WITH ORIGINAL OWNER AND TELL THEM TO ISSUE NEW ONE

OR

TAKE SALEDEED OF FLAT BETWEEN ORIGINAL OWNER AND FROM YOU HAVE PURCHASED
I HOPE FLAT IS REGISTERED ON YOUR NAME.

AND CAN DO BOTH THE ABOVE