Legal Question in Consumer Law in
Sir, How usful keeping a name kof the 2nd person as s associate member in share certificate. If at the time of sale a flat does the conset of asskociate member required and his signature is must ( Pro and cons )
Asked on 8/01/10, 8:21 pm
1 Answer from Attorneys
Mahendra Bhavsar
Mahendra Bhavsar & Co.
The name of the second person in the share certificate entitles him/her as the co-owner of the flat alongwith you.In this case his/her signatures are must for legal sale. But if you appont him/her as your nominee in properway ,his/her signature is not required for sale,as he/she will be entitled only after your demice.----Mahendra Bhavsar-----www.mahendrabhavsar.com
Answered on 8/02/10, 6:29 am
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