Multi-State Co-operative Societies Act : Restriction on holding of shares. Indian Bare Acts :

Multi-State Co-operative Societies Act,2002

Act No : 39

Section : Restriction on holding of shares.

33. Restriction on holding of shares.-No member, other than the authorities referred to in clauses (c) to (g) of sub-section (1) of section 25 or a multi-State co-operative society or a co-operative society, shall hold more than such portion of the total share capital of the society (in no case exceeding one-fifth thereof) as may be prescribed in the rules or bye-laws of such mutli-State co-operative society.