Restriction on shareholding
43.—(1)  Except as provided in subsection (2), a member cannot hold more than 20% of the share capital of a society.
(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.
(3)  This section does not apply to a member that is a society or a trade union.
[Act 3 of 2018 wef 10/04/2018]