Restriction on holding of shares: members cannot hold more than the prescribed portion of a society's share capital. Except for specified authorities and co operative bodies, no member of a multi State co operative society may hold more than the portion of total share capital prescribed in the society's rules or bye laws, the prescribed limit being capped at one fifth of the total share capital.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Restriction on holding of shares: members cannot hold more than the prescribed portion of a society's share capital.
Except for specified authorities and co operative bodies, no member of a multi State co operative society may hold more than the portion of total share capital prescribed in the society's rules or bye laws, the prescribed limit being capped at one fifth of the total share capital.
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