State Act
22
Section 22. Restriction on holding of shares
THE UTTARAKHAND CO-OPERATIVE SOCIETIES ACT, 2003
Act no. 5 of 20032003In forceUttarakhand (State Act)
22. A member who is an individual shall- (a) neither hold more than such portion of the total share capital of the society, nor exceeding one-fifth thereof, as may be prescribed; (b) nor have or claim any interest in the shares of the society exceeding (such amount as may be prescribed) in nominal value.