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    Appendix 19 Bye Lawsno.35

    Uploaded by

    Rohan Waim
    This document is an indemnity bond for an application for membership in a housing cooperative by the heir of a deceased member. It details that the deceased member held shares and an interest in a flat/tenement, and did not nominate an heir. The applicant claims to be the sole heir, and agrees to indemnify the cooperative against any claims from other potential heirs and bear related costs. It is signed by the applicant and witnesses.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Appendix 19 Bye Lawsno.35

    Uploaded by

    Rohan Waim
    224 views3 pages
    This document is an indemnity bond for an application for membership in a housing cooperative by the heir of a deceased member. It details that the deceased member held shares and an interest in a flat/tenement, and did not nominate an heir. The applicant claims to be the sole heir, and agrees to indemnify the cooperative against any claims from other potential heirs and bear related costs. It is signed by the applicant and witnesses.

    Original Description:

    For Society Related Process

    Original Title

    appendix-19-bye-lawsno.35

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    This document is an indemnity bond for an application for membership in a housing cooperative by the heir of a deceased member. It details that the deceased member held shares and an interest in a flat/tenement, and did not nominate an heir. The applicant claims to be the sole heir, and agrees to indemnify the cooperative against any claims from other potential heirs and bear related costs. It is signed by the applicant and witnesses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    224 views3 pages

    Appendix 19 Bye Lawsno.35

    Uploaded by

    Rohan Waim
    This document is an indemnity bond for an application for membership in a housing cooperative by the heir of a deceased member. It details that the deceased member held shares and an interest in a flat/tenement, and did not nominate an heir. The applicant claims to be the sole heir, and agrees to indemnify the cooperative against any claims from other potential heirs and bear related costs. It is signed by the applicant and witnesses.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    APPENDIX – 19

    [Under the Bye-law No. 35]


    FORM OF INDEMNITY BOND
    Application for Membership by the Heir of the Deceased Member of the Society.

    1. I, Shri/Shrimati ……………………………………………………….. of …………………………….. Indian inhabitant


    state as under.

    2. Shri/Shrimati ……………………………………………………. residing at ………………………………..who was the


    member of the Cooperative Housing Society Ltd. having address at ……………………………………………………
    died on or about

    3. The said Shri/ Shrimati ………………………………………………………………. had not made a nomination as


    provided under Rule 25 of the Maharashtra Co-operative Societies Rules 1961.
    4. The said Shri/Shrimati ………………………………………….. was holding the share certificate No.
    ………………………………………………………… for ten fully paid up shares of Rupees Fifty each, bearing
    distinctive number from ………………………..to……………………………… (both inclusive)

    5. The said Shri/ Shrimati ………………………………………………. Was holding the flat / tenement no.
    ………………………………………………… on ……………………………………………. floor, in the building of the society
    known as............................................ or in the building No constructed on the plot of land bearing no
    ……………………………………… situated at ………………………………………..

    6. The said Shri/Shrimati …………………………………………………………….. has left behind me as his/her


    only heir/the following heirs :

    i) Shri/Shrimati …………………………………………………………………………………………………

    ii) Shri/Shrimati ………………………………………………………………………………………………….

    iii) Shri/Shrimati …………………………………………………………………………………………………

    iv) Shri/Shrimati …………………………………………………………………………………………………

    As I am the only heir of the deceased Shri/Shrimati ……….. ……………… I inherit his/her shares, and his/her
    interest in the said tenement. According to the bye-law No. 35 of the bye-laws of the said society, I am
    entitled to make an application for membership of the said society and for transfer of the said shares
    and interest of the said deceased member in the said flat / tenement to my name. Accordingly, I have
    made an application for transfer of the said shares and the interest of the said deceased member in the
    said flat to my name.

    OR

    According to the bye-law No 35 of the bye laws' of the society, all the above heirs have jointly made an
    affidavit, and have suggested my name to make an application for membership of the said society and
    for transfer of the said shares and the interest of the said deceased member in the said flat / tenement/
    plot of land to my name. Accordingly I have made application for membership of the said society and for
    transfer of the said shares and the interest of the deceased member in the said flat / tenement to my
    name.

    7. I hereby indemnify and keep indemnified the said society and its office-bearers against any claim
    demand, suit or other legal proceedings by any other heir/heirs, either lawfully and/or equitably
    through the said deceased Shri/Shrimati. …………………………………….. and shall see that the said society
    and its office bearers are not put to losses. I further declare and undertake to bear all expenses, costs,
    charges in respect of any such claim, demand, suit and/or legal proceedings which may be filed by any
    other heir/heirs either lawfully and/or equitably claiming through the said deceased member of the
    society.
    8. I am fully aware of the fact that the society admits me as its member in place of the said
    deceased member of the society only on the basis of the indemnity and undertaking furnished by me.
    Signatures

    Place:

    Date:

    Signature of Applicant

    …………………………………..

    Signature of nominees other than applicant

    1)………………………………………………………

    2)………………………………………………………

    3)………………………………………………………

    Witnesses:-

    1) Name …………………………………………………… 1) Signature of the Witness

    Address ……………………………………………………..

    …………………………………………………………………..

    2) Name …………………………………………………… 2) Signature of the Witness

    Address ……………………………………………………..

    …………………………………………………………………..

    Place:

    Date:

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