Section 5: Restrictions on interest of member of society with limited liability and a share capital.

The Co-operative Societies Act, 1912Central Act · Act 2 of 1912

Where the liability of the members of a society is limited by shares, no member other than a registered society shall—

(a) hold more than such portion of the share capital of the society, subject to a maximum of onefifth, as may be prescribed by the rules; or

(b) have or claim any interest in the shares of the society exceeding one thousand rupees

Where this provision sits

Act	The Co-operative Societies Act, 1912
Section	5
Marginal note	Restrictions on interest of member of society with limited liability and a share capital.
Jurisdiction	Central
Status	In force as published by the source

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Need this as data, not as a page? The Co-operative Societies Act, 1912 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.