Login : Advocate | Client
Home Post Your Case My Account Law College Law Library

Co-Operative Societies Act 2008

94. Limitation on purchase of shares

Subject to the approval of the Registrar, only a registered society may purchase more than one-fifth of the shares of another society where—

a.      that other society is insolvent;

b.     the proposed purchase or acquisition would not render the purchasing society insolvent; or

c.      the proposed purchase or acquisition would not, in the opinion of the Board, be detrimental to the financial stability of the society.

Cooperative Societies Act, 2008 Back

Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered and driven by neosys