Amendment status not verified — confirm the current text below against the official source.
Restriction on holding of shares:- No member other than the Government or a co-operative society shall hold more than such portion of the share capital of a co-operative society, * Section 2- Sub section (1) (sa) added by Act No. 19 of 2006. * Section 2- Sub section (2) added by Act. No. 19 of 2006. * Section 3- Sub section (2) words ―all or‖ omitted by Act No. 19 of 2006. Sub section (3) substituted by Act No. 19 of 2006. * * Section 5 - Proviso to Section added by Act No. 8 of 1993. 7 subject to a maximum of one-fifth, as may be prescribed or have or claim any interest in the shares of such society exceeding *[five lacs] rupees, whichever is less.