In case if a flat is registered in the name of three people, then in whose name the share certificate will be issued?
Question asked by Mr. Anand Gupta from India:
. Sir/Madam, my question is that if a flat is registered in the name of husband, wife and father-in-law, then in whose name the share certificates will be issued. And in case if husband and wife want to exclude the name of father-in-law from the share certificates then what procedure should be followed.
Thanks
Anand Gupta
Veena Answers:
We are of the view that all the three names should appear in the share certificate. In the event, the name of father in law has to be removed; the same is possible only upon the father in law issuing consent for such removal.
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