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Section 22: Restriction on transfer of shares or interest

The Haryana Co-operative Societies Act, 1984 (22 of 1984)State Act of Haryana · Act 1 of 1984

The transfer of the share or interest of a member, in the capital of a co-operative society shall be subject to such conditions as to the maximum holding as are specified in section 6 :

***** Provided that no transfer shall be allowed unless such shares have been held by the * Section 17 – Words ‗unless …. special order:‖ added by Act No. 19 of 2006.

** Section 18 – In Sub Section (1) words ―Self help group‖ inserted by Act No. 19 of 2006.

*** Section 18- Explanation added by Act No. 19 of 2006.

**** Section 19 – Section 19-A inserted by Act No. 18 of 2007.

***** Section 22 – Proviso and explanation added by Act No. 19 of 2006.

14 member at least for a period of two years.

Explanation :- For the purposes of this section ―capital‖ refers to the capital owned by members in their individual capacity in the society‘s funds.

Where this provision sits

ActThe Haryana Co-operative Societies Act, 1984 (22 of 1984)
Section22
Marginal noteRestriction on transfer of shares or interest
JurisdictionState of Haryana
StatusIn force as published by the source

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