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Section 22: Restriction of holding of shares

The Odisha Co-Operative Societies Act, 1962State Act of Odisha · Act 2 of 1963

In any Society no member belonging to the category mentioned in Clause (a) of Sub-Section (1) of Section 16 shall–

(a) hold more than such portion of the total share capital of the Society not exceeding one-tenth thereof as may be prescribed; or

(b) have or claim any interest in the shares of the Society exceeding five thousand rupees:

Provided that the State Government may, by notification, specify in respect of any class of Societies a higher maximum than one-tenth of the share capital or a higher amount than five thousand rupees, as the case may be.

Where this provision sits

ActThe Odisha Co-Operative Societies Act, 1962
Section22
Marginal noteRestriction of holding of shares
JurisdictionState of Odisha
StatusIn force as published by the source

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