The Managing Committee may decide to allow transfer of membership by a Founder, Patron or a Life Member who has completed 5 years of his membership to any other person subject to the proposed transferee being acceptable to the Gymkhana as per prescribed of Rules & Regulations and Bye-Laws to consider the Transfer of Membership. The Managing Committee is empowered to prescribe Rules and Regulations and Bye-Laws to consider the transfer of membership. In case the proposed transferee is acceptable to the Gymkhana as a member the proposed transferee shall be required to pay minimum of 30% or maximum 50% of the prevailing Life Membership fees to the Gymkhana. Minor life Member can transfer his/her membership 5 years after attaining majority and Corporate Members are not entitled to transfer their membership to any other person or a Corporate Body. No transfer of Life Membership shall be permitted to deceased member. Associate Spouse member shall not be permitted to transfer his/her Life Membership.