Transfer of membership of Society
Section 79 of the Delhi Co-operative Societies Act, 2003 has put in certain restrictions on transfer of membership or share or interest of member in a co-operative society
Subject to the provisions of this Act, in the case of a co-operative housing society, no transfer of membership or share or interest of a member or the occupancy right, except the transfer to his heir or a nominee, shall be effective, unless –
(a) the previous permission of the co-operative housing society has been obtained by the transferor by paying the transfer fee;
(b) the dues of the co-operative housing society are paid or transferred to the transferee with the consent of the co-operative housing society;
(c) the transferor vacates and gives possession of the premises to the transferee; and
(d) the transferee applies and acquires membership of the co-operative society :
Provided that the transfer of share or interest in respect of lease hold properties shall be governed by the terms of the lease.
Transfer of membership of Society is essential requirement for the future person to live and enjoy all the benefits of membership of the society. If the membership is not transferred the person will not be able to even vote in the elections or stand as a candidate for the Managing Committee of the Society.
Transfer of Reserved Car Parking Space: Where ever there is a Reserved Car Parking space in a Society, it can also be transferred along with the flat or separately also.
Where ever Reserved Car Parking Space is to be transferred, original allotment letter issued by the Society to the allottee of the Reserved Car Parking space should be handed over to the purchaser along with agreement of sale made in favour of the purchaser. Please note that, immediately there after it is the duty of the purchaser to bring these documents in the notice of the Society to enable the Society to issue Transfer of Reserved Car Parking Space to the purchaser.
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