Introduction
Obtaining a share certificate is a significant process for housing society members. This blog walks you through the steps involved and offers tips to verify its authenticity.
Eligibility for a Share Certificate
A share certificate is issued to registered members of the housing society. Registration typically requires submitting an application form, a sale deed copy, and an NOC from the builder or previous owner.
Application Process
- Submit a written application to the society’s managing committee.
- Attach necessary documents, including property purchase agreements and proof of identity.
- Pay any applicable fees for membership or share issuance.
Issuance Timeline and Legal Mandates
As per the Maharashtra Cooperative Societies Act, 1960, societies must issue a share certificate within 3-6 months of a member’s application. Members should follow up with the managing committee to avoid delays.
Verification Tips
When you receive the certificate, verify:
- The society’s seal and signatures of authorized committee members.
- Accurate details, such as share number and member name.
- Whether it complies with the society’s bye-laws.
Common Pitfalls to Avoid
- Delayed application submission.
- Overlooking errors in the issued certificate.
- Losing the certificate without keeping copies.
Conclusion
The process of obtaining and verifying a share certificate is straightforward if you follow the correct steps. Always keep your certificate secure and updated.
Read also 👇
“Unlocking the Role of Share Certificates in Housing Societies”
1. Website – https://www.dearsociety.in/
2. Instagram – https://instagram.com/dearsocietymh?igshid=NmE0MzVhZDY=
3. LinkedIn – https://www.linkedin.com/company/dear-societyin/
4. Facebook – https://www.facebook.com/dearsocietyMH?mibextid=ZbWKwL
Call
Whatsapp
Enquiry