What this draft covers
- Recitals: deceased member, flat, shares and legal heirs
- Request to the Society to transfer without probate or succession certificate
- Indemnity against claims of other heirs or third parties
- Undertaking to hand over the flat or shares if a better claim is established
- Execution and attestation
When to use it
Use with an application for transmission of a society flat where the Society asks for an indemnity from the heir, typically when there is no nomination.
Format: Editable Word document (.docx), 2 pages.
Preview
[To be executed on non-judicial stamp paper / e-stamp of the applicable value]
INDEMNITY BOND
This Indemnity Bond is executed at Mumbai on this [●] day of [month], 20[●] by [name], aged about [●] years, residing at [address] (the “Indemnifier”), in favour of [Name of the Society] Co-operative Housing Society Ltd., registered under the Maharashtra Co-operative Societies Act, 1960 under Registration No. [●], having its address at [address] (the “Society”).
WHEREAS
A. The late [name] (the “Deceased”) was a member of the Society, holding [five] shares of ₹50 each bearing distinctive Nos. [●] to [●] under Share Certificate No. [●], and the right to occupy Flat No. [●] in the Society’s building (the “Flat”).
B. The Deceased died on [date] [intestate], without making any nomination [or: and the nominee has declined to claim], leaving behind the following legal heirs: [names and relationships] (the “Legal Heirs”).
C. The other Legal Heirs …
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