THE UTTAR PRADESH CO-OPERATIVE SOCIETIES ACT, 1965
Section 22. Restriction on holding of shares
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 1[such amount as may be prescribed] in nominal value.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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