law: Co-Operative Societies Act, 1912
  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 one-fifth, as may be prescribed
  
  by the rules; or
  (b) have or claim any interest in the shares
  
  of the society exceeding one thousand rupees.