TRANSMISSION OF SHARES ON DEATH
Application date: 1 April 2026
Applicant: Aarav Sharma, Sector 21, Panchkula. Society: ABC Cooperative House Building Society Ltd, registration CHD/COOP/118, Sector 48, Chandigarh. Jurisdiction: Punjab.
Deceased member: X, member no. X, died 2 April 2026, death certificate X. Share certificate: X. Basis: Recorded nominee under society register. Claimant: X. Documents: X.
LEGAL BASIS
Punjab: The Punjab Co-operative Societies Act, 1961 governs share transmission on death. Section 21 governs transfer of a deceased member's share or interest to a nominee or heir/legal representative. The society/managing committee receives the first filing and the Registrar of Cooperative Societies, Punjab is the statutory supervisory authority. The current fee and processing period for this precise filing were not confirmed from the sources used. Section 55 supplies the Registrar dispute route for disputes touching the constitution, management or business of the society.