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Section 22: Restrictions on transfer of shares or interest

The Himachal Pradesh Cooperative Societies Act, 1968State Act of Himachal Pradesh · Act 3 of 1969

(1) The transfer of a share or interest in the capital of a society shall be subject to such conditions and restrictions, as to the maximum holding as are specified in section 6.

1. Inserted vide H. P. Act No. 20 of 1986, effective from 7 th January, 1988.

THE HIMACHAL PRADESH CO-OPERATIVE SOCIETIES ACT, 1968 18

(2) A member shall not transfer any share held by him or his interest in the capital or property of any society or any part thereof unless-

(a) he has held such share or interest for not less than one year;

(b) the transfer is made to the society or to a member of the society or to a person whose application for membership has been accepted by the society; and

(c) the committee has approved such transfer.

Where this provision sits

ActThe Himachal Pradesh Cooperative Societies Act, 1968
Section22
Marginal noteRestrictions on transfer of shares or interest
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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