Section 43
Restriction on shareholding
of Co-operative Societies Act 1979
ActIn forceProvision 55 of 134
Section 43
Amended by3/20183/20183/2018
(1)
Except as provided in subsection (2), a member cannot hold more than 20% of the share capital of a society.
Amended by3/2018
(2)
A member may hold more than 20% of the share capital of a society, if the Registrar grants written approval for that society to issue more than 20% of its share capital to that member.
Amended by3/2018
(3)
This section does not apply to a member that is a society or a trade union.
Amended by3/2018