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of <h1>Members in Co-operative Societies Limited by Shares Restricted to One-Fifth Share Capital Interest, Co-operative Societies Act, Section 5.</h1> Where a society's member liability is limited by shares, members who are not registered societies are restricted in their share capital interest. They cannot hold more than a prescribed portion of the society's share capital, with a maximum limit of one-fifth. Additionally, they cannot have or claim an interest in the society's shares exceeding one thousand rupees. These restrictions are outlined in the Co-operative Societies Act, 1912, under Section 5, which governs the interest of members in societies with limited liability and share capital.
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