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of <h1>Restrictions on Transferring Shares in Co-op Societies: Section 14 Limits Transfers to Members Only After One Year.</h1> The Co-operative Societies Act, 1912, Section 14, outlines restrictions on transferring or charging a member's share or interest in a registered society's capital. Transfers are subject to conditions regarding maximum holdings as prescribed by the Act or rules. For societies with unlimited liability, a member cannot transfer their share or interest unless they have held it for at least one year, and the transfer is made either to the society itself or to another member of the society.
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