5. Restrictions on interest of member of society with limited liability and a share capital
Where the liability of the members of a society is limited by shares, no member other than a registered society shall—
(a)
hold more than such portion of the share capital of the society, subject to a maximum of onefifth, as may be prescribed by the rules; or
(b)
have or claim any interest in the shares of the society exceeding one thousand rupees