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Section 5: Restrictions on registration

The Punjab Co-Operative Societies Act, 1961Union territory Act of Chandigarh · Act 25 of 1961

No society, other than a society of which a member is a co-operative society, shall be registered under this Act, unless it consists of at least ten individuals above the age of eighteen years.

SECTION - 6 2[6. Restrictions on holding of shares. - No member other than the Government or a co-operative society shall, hold more

1. Added by Punjab Act No. 6 of 1974, section-3.

2. Substituted by Punjab Act 19 of 1993, section 2.

THE PUNJAB COOPERATIVE SOCIETIES ACT, 1961 7 8TH FINAL PRINT AS ON 05.10.2006 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 fifty thousand rupees, whichever is less] SECTION - 7

Where this provision sits

ActThe Punjab Co-Operative Societies Act, 1961
Section5
Marginal noteRestrictions on registration
JurisdictionUnion territory of Chandigarh
StatusIn force as published by the source

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