All 174 bye-laws / Chapter VII – Members, Rights, Nomination & Transfer
Bye-law No. 37
Transfer of flat / shares
Transfer of Shares and interest in the Capital/Property of the Society
Summary
The selling member gives 15 days' notice with the buyer's consent. No NOC of the Society is required for transfer. Documents: transfer application with share certificate, buyer's membership application, seller's resignation, registered and stamped agreement, undertaking to clear dues. Transfer fee Rs. 500, entrance fee Rs. 100, and premium within the Government circular limit as fixed by the general body. No donation or other amount may be demanded. No premium on transfers within family, to nominee/heir, or exchange of flats.
Common questions on this bye-law
Is society NOC required to sell a flat in Maharashtra?What transfer fee and premium can a housing society charge in Maharashtra?