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.
Chandigarh: The Punjab Co-operative Societies Act, 1961 and Punjab Co-operative Societies Rules, 1963 apply to cooperative societies in UT Chandigarh. Section 21 applies in UT Chandigarh through the Punjab Act/1963 Rules and governs transmission to nominee/heir/legal representative. The society/managing committee receives the first filing and the Registrar of Cooperative Societies, UT Chandigarh is the local statutory 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.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
The purpose of collecting personal data in this Transmission of Shares on Death is to identify the relevant member or applicant, decide or record the stated society matter, and preserve the corresponding statutory society record.
The record will be held by Kagaznama and may be shared only with the applicant/member, ABC Cooperative House Building Society Ltd, its managing committee, the Registrar of Cooperative Societies and professionals directly involved in the stated society matter.
If the matter does not proceed, the personal data will be retained for 90 days and then erased. If the matter proceeds, the record will be retained for the matter plus 12 months, except where a statutory or society-record retention period requires a longer named period.
A person named in this document may request correction or erasure where the purpose has ended, withdraw consent for future consent-based processing, or raise a grievance by writing to privacy@example.com. The record-holder should acknowledge and reply within 30 days.