Society Forms: Form No. – 23 [Under bye-law No. 38 (e)(ii)] Transfer of Shares

COMMON

Form No. – 23

[Under bye-law No. 38 (e)(ii)]

Form of application for membership of the Society

by the Proposed Transferee [being an individual]

To,

The Secretary

____________________________________ Co-operative Housing Society Ltd.,

____________________________________

____________________________________

1. I, Shri/Shrimati ____________________________________________________________
   intend to become a member of the ____________________________________________________________
   Co-operative Housing Society Ltd. having address at
   _________________________________________ ______________________________________________________________________________
   by transfer of the Shares Certificate No. _______________ for five fully paid up shares of Rupees
   Fifty each bearing distinctive numbers from ________________ to ________________ [both inclusive]
   held by Shri/Shrimati ______________________________________________________________________
   the member of the said society and his/her interest in the Flat No. _________________ admeasuring
   _______________ sq.metres, in the building of the said society, numbered/known as
   _________________ held by the said Shri/Shrimati __________________________________________________________
   to my name.
2. I had given my consent to the proposed transfer of the said shares and the interest of the
   said transferor in the capital/property of the said society to me on ____________________________________.
3. I now make this application for membership of the said society and for transfer of the said
   shares and the interest of the said transferor in the capital/property of the said society to my name.
4. The particulars for the purpose of consideration of my application for membership of
   the __________________________________ Co-op. Housing Society Ltd., are given below :

Age : ________________________________________________________________

Occupation : ________________________________________________________________

Monthly Income : Rs. _____________________________________________________________

Office Address : ________________________________________________________________

Residential Address : ________________________________________________________________

5. I remit herewith the entrance fee of Rs. 100 [Rupees One Hundred only].
6. I declare that there is no plot/flat/house owned by me/any of the members of my family/the
   person dependent on me, in the area of operation of the society.

OR

I give below the particulars of the plot/flat/house owned by me/any of the members of my
family/the person dependent on me, in the area of operation of the society.

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Sr. Name of Particulars of the Location of the Reason as to why it is

No. the Person plot/flat/house owned plot/flat/house necessary to have a flat

by me/the member of in this society.

my family/the person

dependent on me in the

area of operation of the

society.

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1 2 3 4 5

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7. I furnish herewith the declaration in the prescribed form, on ten rupees stamp paper, about

non-holding of any vacant land or land with a building, in any urban aglomeration, specified under
the Urban Land (Ceiling and Regulation) Act, 1976, the area of which exceeds 500 sq.mtrs.

8. I also furnish herewith the undertaking in the prescribed form, on ten rupees stamp paper,
   about registration of the transfer under Section 269-AB of the Income tax Act and the Rules made

thereunder.

9. I undertake to use the flat, proposed to be transfered to me, for the purpose mentioned in the
   letter that will be issued to me by the said society, under bye-law No.76 (a) of the bye-laws of the said
   society and that no change of the user of the said flat will be made by me without the prior approval of
   the society in writing. The undertaking to that effect in the prescribed form in enclosed herewith.

*10. I undertake to discharge all the liabilities to the society, which may become due from the date of
my admission to the membership of the society. As I have no independent source of income, I
enclose herewith the undertaking in the prescribed form the person, on whom I am dependent, to the effect
that he will discharge all the liabilities of the society.

11. I also enclose herewith the undertaking in the prescribed form that the plot/flat/hopuse owned
    by me/any of the members of my family/the person dependent on me, the details of which are given in
    this application, about the disposal of the said plot/flat/house.
12. I have gone through the by-laws of the said society and undertake to abide by the same and
    any modificiations that the Registering authority may make in them.
13. I request you please admit me as a member of the said society and transfer the shares and
    the interest of the transferor in the capital/property of the said society to my name.

Yours faithfully,

(Signature of the applicant)

Place :

Date :

Note : The expression “a member of a family” means and includes as defined under bye-law No. 3 (xxv).

* This undertaking is not necessary if consideration for transfer is Rs. 75,00,000/- or less.