Mom gifts residential property to son. son selling it later.

Querist : Anonymous (Querist) 23 July 2017 This query is : Resolved
Step 1: Mom giving residential property as gift to son. Gift is registered and required stamp duty paid.
Step 2: Society does transfer process and son name is updated in records. Property transfer completed once.
Step 3: Son sells it in next few days after the transfer is done.

Question?

Question 1) Is there any law in the standard societies bye law that restricts the transfer of property two times in the same year? If so why?

2) If so, how to navigate this. Or how to deal with this. As selling needs to be done?

3) Section 29 of Restrictions on transfer or charge of share or interest in Maharashtra Cooperative Societies Act says something about this... but I am not able to understand what it means? Does it mean that son cannot sell the apartment received as gift immediately after receiving gift?

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Rajendra K Goyal (Expert) 23 July 2017
No reply to query from an author who is anonymous.

You can post the query in fresh thread with your identity and material facts.

Kumar Doab (Expert) 23 July 2017
AQ........................NO reply...............Pls post with your ID.

Kumar Doab (Expert) 24 July 2017
When you post with your ID many experts specializing in such/society matters may respond.....

Dr J C Vashista (Expert) 25 July 2017
I stand with experts, no reply for anonymous author.

Hemant Agarwal (Expert) 19 September 2017
1. You must apply for a Govt. Gazette for creating and registering a name for your self AND "THEN" using the fresh name, put up your queries, over here.

Keep Smiling .... Hemant Agarwal
VISIT: http://www.maharashtra-society-help-forum.com

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