Also Administrator (who was managing our XYZ society in absence of elected Managing committee of society) has given stamp which has impression as "Administrator, XYZ CHS" in 2 lines (RECTANGULAR shaped) & xyz being society name. Whereas society seal is not rectangular but CIRCULAR shaped with only society name in middle. The share certificate that I have is without the circular seal and has only Administrator seal. Whereas the front page has round society seal for previous owner when elected managing committee of society was running the business. So is it ok to have Administrator seal or to have additionally society seal? Also now there is newly elected managing committee again. Will absence of society seal affect or post challenge to the validity of Share certificate with we as owner?
Also newly elected committee has not ratified such flat transfers under Administrator. Is it ok to be with it or I should bring it to the notice of/ insist to society to ratify such transfers and pass the names of members in next GBM?
Now, elected committee has to rectify all such transfers of flat done by the administrator doing his time.
Ask your Co-operative Housing Society (CHS) has to pass all the transfer of flats done by the administrator during his time, in its managing committee meeting, and take this case in next AGM or by calling a Special General Body Meeting, to rectify such transfers.
Then, on share certificate, under the transfer done by the administrator, elected managing committee will write a remark that, "Transfer of flat made by Administrator is ratified by newly elected managing committee of the CHS in AGM/SGM held on (date)". and under this remark, your CHS's Chairman, Secretary and an MC member / Treasurer will put their signature and CHS's round seal.
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