Section 33 - Restriction on holding of shares. - Multi-State Co-Operative Societies Act, 2002

Restriction on holding of shares. 33. No member, other than the authorities referred to in clauses ( c ) to ( g ) of sub section (1) of section 25 or a multi State co operative society or a co operative society, shall hold more than such portion of the total share capital of the society (in no case exceeding one fifth thereof) as may be prescribed in the rules or bye laws of such multi State co operative society.