Restrictions on member shareholding limit proportional and monetary interests to prescribed maxima under society rules. A member other than a registered society may not hold more than the portion of share capital prescribed by the society's rules, subject to a maximum of one-fifth, and may not have or claim any interest in the society's shares exceeding one thousand rupees.
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Provisions expressly mentioned in the judgment/order text.
Restrictions on member shareholding limit proportional and monetary interests to prescribed maxima under society rules.
A member other than a registered society may not hold more than the portion of share capital prescribed by the society's rules, subject to a maximum of one-fifth, and may not have or claim any interest in the society's shares exceeding one thousand rupees.
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