law: 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.