s 43 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.[3/2018]
(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.[3/2018]
(3) This section does not apply to a member that is a society, a trade union or a platform work association.[3/2018]
[Act 30 of 2024 wef 01/11/2024]
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