s 44 Restriction on transfer of shares or interest
44.—(1) The transfer or charge of the share or interest of a member or past member or deceased member in the capital of a society is subject to such conditions as to maximum holding as are laid down in section 43. (2) No member of a society may transfer any share held by the member or the member’s interest in the capital of the society or any part thereof unless —(a) the member has held that share or interest for at least one year; and (b) the transfer or charge is in favour of the society, a member of the society or a person, another society, a trade union or a platform work association whose application for membership has been accepted by the committee of management of the society.[Act 30 of 2024 wef 01/11/2024]