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<h1>Section 33 Limits Member Shareholding in Multi-State Co-Operatives to One-Fifth, Exemptions Apply Under Section 25(1)(c) to (g)</h1> Section 33 of the Multi-State Co-Operative Societies Act, 2002, restricts the holding of shares by members in a multi-state co-operative society. Except for certain authorities specified in Section 25(1)(c) to (g), or other co-operative societies, no member is allowed to hold more than a prescribed portion of the society's total share capital, which cannot exceed one-fifth. The specific limit is determined by the rules or bye-laws of the respective multi-state co-operative society.