Amendment status not verified — confirm the current text below against the official source.
Omitted by Act No.14 of 1966. 50 [Act No.7 of 1964] Provided that 120[no nominee of] the Government or the representative of the financing bank, as the case may be, 120[shall be entitled] to participate in, or vote at, any election. (3) In the case of equality of votes, the chairman of the meeting shall have a second or casting vote. 121[(4) [xxx]] 122[26. Where the liability of the members of a society is limited, no member, other than a society or the Government, shall hold more than such portion of the share capital of the society, subject to a maximum of one-fifth thereof, as may be prescribed. 123[xxx]: Provided that the Government may, by notification in the 124Telangana Gazette, fix, in respect of any society or class of societies, a higher maximum than one-fifth of the share capital.] 123[xxx].