Before transferring the shares and interests in the property, you have to give your intentions as a notice prior to 15 days to the secretary of the society. The notice can be given on an application form along with the consent of the proposed transferee. On receipt of the notice, the secretary of the society will place it before the meeting of the committee, held next after the receipt of the notice, pointing out to whether the member is eligible to transfer his shares and interest in the capital or property of the society.