Section 22: Restriction on holding of shares

The Uttar Pradesh Co-Operative Societies Act, 1965State Act of Uttar Pradesh · Act 11 of 1966

A member who is an individual shall-

(a) neither hold more than such portion of the total share capital of the society nor exceeding one-fifth thereof, as may be prescribed,

(b) nor have or claim any interest in the shares of the society exceeding [such amount as may be prescribed] in nominal value.

Where this provision sits

Act	The Uttar Pradesh Co-Operative Societies Act, 1965
Section	22
Marginal note	Restriction on holding of shares
Jurisdiction	State of Uttar Pradesh
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, U. P. Act No. 1 of 1972. Subs. by sec. 3 of U. P. Act No. 1 of 1972.

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