As per section 29 of Maharashtra Cooperative Society Act 1960,
a member shall not transfer any share held by him or his interest in the capital or property of any society unless he has held such share or interest for not less than one year.
My question: I am now the member of the society by virtue of the nomination filed by my father before he expired. I want to sell the flat now. Can I sell the flat or do I have to wait for one year of me becoming the member of the society? I am living in this flat for the last 30 years.
Does this apply only for transfer by sale or transfer by nomination, both?
