No member, other than the authorities referred to in clauses (c) to (g) of sub-section (1) of section 25 of a Multi State Cooperative Society or a cooperative society, shall hold more than such portion of the total share capital of the society (in no case exceeding one-fifth thereof) as may be prescribed in the rules or bye-laws of such multi state cooperative society-(a) The Central Government may appoint a person to be the Central Registrar of Co-operative Societies and may appoint such other persons as it may think fit to assist the Central Registrar. (b) The Central Government may, by notification, direct that any power exercisable by the Central Registrar under this Act (other than the power of registration of a multi-State co-operative society) shall, in relation to such society, and such matters a may be specified in the notification, be exercisable also by any other officer of the Central Government or of a State Government as may be authorized by the Central Government subject to such conditions as may be specified therein Provided that no officer of a State Government shall be empowered to exercise such power in relation to a national co-operative society.

(1) The Central Government may appoint a person to be the Central Registrar of Co-operative Societies and may appoint such other persons as it may think fit to assist the Central Registrar. (2) The Central Government may, by notification, direct that any power exercisable by the Central Registrar under this Act (other than the power of registration of a multi-State co-operative society) shall, in relation to such society, and such matters a may be specified in the notification, be exercisable also by any other officer of the Central Government or of a State Government as may be authorized by the Central Government subject to such conditions as may be specified. therein Provided that no officer of a State Government shall be empowered to exercise such power in relation to a national cooperative society.