Section 23
Sale Of Shares
(1) An association or society may collect share capital by selling its shares to those persons who are under its jurisdiction and are eligible to become its members, members and other bodies as prescribed. (2) An association or society may, with approval of Government of Nepal, sell a maximum of twenty percent share of its total share capital to a foreign cooperative association or society which is a member of the International Cooperative Alliance. (3) In selling its shares pursuant to Sub-section (1), an association shall so sell shares to a person or association that it does not exceeds twenty percent of its total share capital to the same person or association. Provided that, this restriction shall not apply to Government of Nepal or an organization or body owned by Government of Nepal. (4) A member shall be entitled to cast vote only on the basis of one person one vote irrespective of the number of shares subscribed by that person.