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Appendix 21 Bye Lawsno.38 (E) (I)

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APPENDIX – 21

[Under the Bye-law No. 38(e) (i)]


Form of application for transfer of shares and interest in the capital/ property of the society by the
transferor (being an individual)

To,
The Secretary,
D. N Nagar Saptarshi Co-operative Housing Society Ltd,
D.N Nagar, J.P Road, Andheri (W)
Mumbai-400053

Sir,

1. We Mr. Asoo Kotumal Nihalani & Mrs. Chandra Asoo Nihalani members of D. N Nagar Saptarshi Co-
operative Housing Society Ltd, having address at D.N Nagar, J.P Road, Andheri (W) Mumbai-400053
holding Flat No. 1101,11th Floor, D. N Nagar Saptarshi Co-operative Housing Society Ltd, D.N Nagar, J.P
Road, Andheri (W) Mumbai-400053, having 775 Sq.ft Carpet Area in the building of the society known as
D. N Nagar Saptarshi Co-operative Housing Society Ltd.
2. We have given you notice of our intention to transfer the said shares and my interest in the capital /
property of the society on as required under Rule 24 (1) (b) of Maharashtra Co-operative Societies Rules,
1961 along with the consent of the proposed Purchasers Mrs. Sunita Deepak Badlani & Mr. Deepak
Narayandas Badlani.
3. We enclose herewith the application in the prescribed form for membership of the said society by
the said proposed Purchasers.

4. We remit here with the transfer fee of Rs……………..(Rupees……………………………………… We also remit


herewith the amount of the premium of Rs ………………………………………. (Rupees.............only) as provided
under bye-law No. 38 (e) (ix) of the bye laws of the society.

5. We state that the said shares and interest in the capital /property of the said society have been
held by me for a period of not less than a year.

6. We further state that the liabilities due to the said society by me as on the date of this application
have been fully paid by me. I also undertake to pay the liabilities which may become due till the transfer
application is approved by the society.

7. We hereby undertake to discharge any liabilities to the said society which related to the period of my
membership with the said society and have before payable by me after cessation of my membership of the
society due to any demand made by the local authority, Government or by any other Authority on any
account, after cessation of my membership.

8. We propose to transfer the said shares and my interest in the capital / property of the said society
on the following grounds.
i) ………………………………………………………………………………………………………..
ii) ………………………………………………………………………………………………………..
iii) ………………………………………………………………………………………………………..

9. We also furnish herewith the declaration , in the prescribed form, on twenty rupees stamp paper
about non holding of our vacant land or land with a building in any urban agglomeration, specified
under the urban land (ceiling and regulation) Act 1976, the area of which exceeds 500 sq.mtrs.

10. We also furnish herewith the undertaking in the prescribed form on Ten Rupees stamp paper
about the registration of the transfer as required under section 269-A-B of Income Tax Act

11. We request you to approve the proposed transfer and inform me accordingly.

Place:

Date:

Yours Faithfully,

Mr. Asoo Kotumal Nihalani & Mrs. Chandra Asoo Nihalani

Signature of the Sellers

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