Restrictions on transfer of shares limit transfers in registered societies; holding period and transferee limits apply for unlimited liability societies. Restrictions on transfer or charge of a member's share or interest in a registered society are subject to statutory or rule based maximum holding conditions; in unlimited liability societies transfers or charges are permitted only after a holding period and only to the society or to another member.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restrictions on transfer of shares limit transfers in registered societies; holding period and transferee limits apply for unlimited liability societies.
Restrictions on transfer or charge of a member's share or interest in a registered society are subject to statutory or rule based maximum holding conditions; in unlimited liability societies transfers or charges are permitted only after a holding period and only to the society or to another member.
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