Housing Society Problems & Solutions: How to Add Co-owner's Name on Share Certificate, Calculating Fungible FSI and Charges for a Gift Deed
Cooperative housing societies (CHS) are often stringent about keeping accurate records and paperwork. The managing committees (MCs) of CHS have the key responsibility of ensuring that all the proof of sale towards the property is rightfully issued and kept on record. A share certificate, like the sale deed, is proof that the property's rightful owner must possess.
Source: moneylife.in