Section 6. Restriction on holding of shares

{
    "act_title": "THE ANDAMAN AND NICOBAR ISLANDS CO-OPERATIVE SOCIETIES REGULATION, 1973",
    "act_slug": "the-andaman-and-nicobar-islands-co-operative-societies-regulation-1973",
    "section_label": "Section",
    "section": {
        "number": "6",
        "title": "Section 6. Restriction on holding of shares",
        "chapter": null,
        "content": "No member, other than the Government or a co-operative society, shall hold more than such portion of the share capital of a co-operative society, subject to a maximum of one-fifth, as may be prescribed or have or claim any interest in the shares of such society exceeding ten thousand rupees.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 430
    },
    "prev_section": "5",
    "next_section": "7"
}