Mother has gifted residential flat to her son in June 2021 by registered gift deed, and society has transferred share certificate to son's name in July 2021.
Questions:-
(1) Can Son sell the said flat immediately or he has to wait for a certain period ?
(2) If he sell the flat to another person, can society transfer his shares to new member after all paper work done ?
(Lest than 1 year from previous shares transfer)
Answer to both the questions is affirmative as the donee is absolute titleholder of the property gifted which can be transferred (by sale or other mode) to any one and the Society has no option but to admit the purchaser of subject property as member, if eligible.
