Can a main member/owner remove the names of Associated members from the share certificate or from society's register ? Provided the main member hadn't done any Gift Deed or so. ( The main member has just filled society's form of ' Addition Of new member form ' while adding their names.) Mr. Shanbaug has answered to our query that yes he can remove the names of Associated members without giving NOC or Release Deed to the society.
Now, main member has approached the society to do that but society has denied his request saying he has to give their Release Deed. So, what further action the main member can take now? ( Off course apart from going to court of law and file a petition, is there anything he can do?) Secondly, society wants written legal provisions of this clause from the main member. Where do he get it? Pl. explain.
Shirish Shanbhag Shirish Shanbhag has an MSc in Organic Chemistry, Diploma in Higher Education, a Diploma in a French and has completed his LL.B. in first class, in 2021. Before his retirement, he was a junior college teacher at Patkar College from July 1980 to May 2012, where he taught theoretical and practical chemistry. Post retirement in 2012, he started providing guidance and counseling to people on several issues, with a specific focus on co-operative housing society related matters. Adv Shanbhag has a kee
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SD Israni Dr SD Israni is an Advocate & Partner of SD Israni Law Chambers and has over 37 years of experience in the field of Corporate, Commercial and Securities Laws. He has simply written the book on Indian securities laws, copies of which he kindly donated to Moneylife Foundation library. Dr Israni's professional achievements are formidable. He was a member of the Naresh Chandra Committee for simplification of Company Law relating to private and small companies. He has been on SEBI's committee on
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Sucheta Dalal Trustee - Moneylife Foundation
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