(1) The transfer or charge of the share or interest of a member in the capital of a registered society shall be subject to such conditions as to maximum holding as may be prescribed by this Act or by the rules.
(2) In case of a society registered with unlimited liability a member shall not transfer any share held by him or his interest in the capital of the society or any part thereof unless-
(a) he has held such share or interest for not less than one year; and
(b) the transfer or charge is made to the society or to a member of the society.
Co Operative Societies Act 1912
Section 11 of Cooperative Societies Act - Amendment of the by-laws of a registered society
Section 12 of Cooperative Societies Act - Member not to exercise rights till due payment made
Section 13 of Cooperative Societies Act - Votes of members
Section 14 of Cooperative Societies Act - Restrictions on transfer of share or interest
Section 15 of Cooperative Societies Act - Address of societies
Section16 of Cooperative Societies Act - Copy of Act, rules and by-laws to be open to inspection
Section 17 of Cooperative Societies Act - Audit
Section 18 of Cooperative Societies Act - Societies to be bodies corporate
Section 19 of Cooperative Societies Act - Prior claim of society