Transfer of shares in cooperative society

What are the provisions regarding transfer of shares in cooperative society?
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Quick Summary
This discussion clarifies the process for transferring shares within a cooperative society. Key steps include serving notice to the society's committee and paying transfer fees. The society must then issue a No Objection Certificate (NOC) for the share transfer. Regarding tax, income tax is not directly levied on the share transfer itself, but capital gains tax may apply to profits made from the sale.

You need to serve a notice to the society Committee.
The transfer fees shall have been paid
society has to issue noc for transfer of shares
Sorry I forget to mention,i have a doubt regarding taxability(Income tax)?
No income tax on transfer of shares
for property sold and transferred, capital gains tax is attracted

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