Bare ActsThe Multi-State Co-operative Societies Act, 2002

Section 33

Restriction on holding of shares.

Amendment status not verified — confirm the current text below against the official source.

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 multi-State co-operative society.

Section 33 – The Multi-State Co-operative Societies Act, 2002 | DailyLaw.ai