section 17A
Insertion of new section 17-A
The Karnataka Souharda Sahakari Act, 1997General199786 sections12 chapters
Chapter III FUNDS
Statutory text
After section 17 of the principal Act, the following new section shall be inserted, namely:- “17A. Restrictions on holding shares.– In any Co-operative, no member shall hold more than such portion of the total share capital of the Co-operative exceeding five percent thereof as may be prescribed.”
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