Can a new owner of the flat become a member of the Co-operative Housing Society?
Question asked by Mr. Ankur Pathak from Mumbai, India:
I have a question regarding the above as follows:
In a newly formed Cooperative Housing Society (CHS), where share certificates have not been issued to any flat owner, a flat owner registers his agreement with the builder after the CHS registration date.
He then sells the flat to another individual after a couple of months. As Share certificates have not been issued by the CHS to any members yet, can the new owner of the flat become a member of the CHS (despite the previous owner not owning the flat for a period of at least one year)?
Request your valuable advice on this matter.
Thanks
Ankur Pathak
Vatsala Answers:
I see no problem in this. However a local advocate may be consulted to see if there is anything that I am overlooking.
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