section 6
Restrictions on holding of shares
The Punjab Co-operative Societies Act, 1961Corporate196181 sections13 chapters
Chapter II REGISTRATION OF CO-OPERATIVE SOCIETIES
Statutory text
No member other than the Government or a co-operative society shall, hold more than such portion of the share capital of a co-operative society, as may be prescribed which in no case shall exceed one-tenth of the share capital, or, have or claim any interest in the shares of such a co-operative society exceeding Rs. 50,000, whichever is less
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