State Act
26
Section 26. Restriction on holding of shares.
The Telangana Co-operative Societies Act, 1964.
Act no. 7 of 19641964In forceTelangana (State Act)
122[26. Where the liability of the members of a society is limited, no member, other than a society or the Government, shall hold more than such portion of the share capital of the society, subject to a maximum of one-fifth thereof, as may be prescribed. 123[xxx]: Provided that the Government may, by notification in the 124Telangana Gazette, fix, in respect of any society or class of societies, a higher maximum than one-fifth of the share capital.] 123[xxx].