I have a flat in mumbai in co-op housing society by Gift through my mother. Gift deed was registered in May 2015 and Share Certificate transfer of Society done in August 2015.
Now as per Maharashtra Housing Society Bye law "Under Section 29[2][a] of the Act , member has to hold the shares for minimum 1 year before he/she transfers his/her shares. That is he/she can not sale his/her flat before 1 year"
1. This 1 year lock period is for share transfer or for sale.
2. My query is can i sell the gifted property before August 2016 ( for example can my Sale agreement date be June 2016 ) and apply for share transfer in society after August 2016.
3. Or i am not allowed to Sale the flat before 1 year of transfer in society
