There is no rule, and will not be a rule made, against getting Timeless for an alt. I for one have Timeless on my main and my alt, however, I may be looking at getting Timeless for another account later down the track. Your comment was also uncalled for. Please refrain from typing swear words and don't be so rude in future Edit: Please read the OP for extra info.
As mentioned, yes. However, there will be a delay on the rank. I just didn't want people freaking out.