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Home / Legal / Documentation / In a registered society, two family heads want registration of one 300sq ft flat so whose name will be in the share certificate flat?
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In a registered society, two family heads want registration of one 300sq ft flat so whose name will be in the share certificate flat?

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0 2024-05-30T15:39:06+00:00
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In a registered housing society in India, a share certificate is a crucial document issued to its members. It serves as legal proof of ownership of a specific number of “shares” within the society. These shares do not represent financial investments like company stocks; instead, they signify ownership and membership in the cooperative housing society.

When a share certificate is issued for a flat, it typically includes the following details:

  • Name of the Housing Society

    : The society’s name.

  • Distinctive Number

    : A unique identifier for the share certificate.

  • Number of Shares Allotted

    : The number of shares corresponding to the flat.

  • Value Paid

    : The amount paid for these shares.

Now, in the scenario you described where two family heads want registration of one 300 sq ft flat, the share certificate would typically be issued jointly in both their names. This means that both parties would hold equal rights to the share represented by the certificate.

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Advocate Apurva

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