Grandfather has purchased a flat in Mumbai in the year 1980. Grandfather has gifted the Flat to his Son and Grand-son via registered Gift Deed dated March 23, 2018. The Son and Grand-son has started the transfer of membership process in the Society. The membership transfer process will be done by 1st week of April 2018. The Son and Grand-son wants to sell the flat with-in 1 year of transfer because they want to buy a bigger flat.
Are they allowed to sell the flat within 1 year of transfer?
I got the above query because i read about the Provisions of Section 29 of the Maharashtra Co-operative Societies Act (MCS Act).
Are there any-other way/solution through which they can sell the flat with-in 1 year as per the MCS Act ?