Society share certificate transfer

Two Membership Transfer, for same one Flat, in one Mg.Committee meeting CANNOT be approved.

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Are these shares of a Co-operating Housing in Maharashtra? For the transfer of the shares there should be a transferor and a transferee. Transferring Co-operative Society flats as a property and payment of stamp duty came into force only after an amendment to Bombay Stamp Act, in 1980 or thereabout and the preamble to the amendment says that the purpose was only to earn revenue for the State. In the case of Companies whose shares are traded in the stock market the shares change hands several times before the settlement date when the transfer is entered into demat account of the ultimate receiver or in the books of the Company.  I am not aware of any law that says that two consecutive transfers of the same shares cannot be done on the same day or at the same meeting of managing committee. The only criterion is that the concerned three parties should not dispute the action of the Managing Committee later.