There is a restriction in share value of members in multi state cooperative society firm.No member of any multi state cooperative society can hold a share value more than 1/5th of the total share values of all the members.For example there are 100 members in a each member having a share value of Rs 100. So total share value of all the members are 100*100= 10000/. If we calculate one-fifth of this, it comes 2000 rupees. multi state cooperative society in the No member of this Financial markets are unable to accurately gauge the meaning of repurchase announcements, because companies will often announce repurchases and then fail to complete them. Repurchase completion rates increased after companies were forced to retroactively disclose their repurchase activity. Normally, investors have more adverse reaction in dividend cut than postponing or even abandoning the share buyback program. So, rather than pay out larger dividends during periods of excess profitability then having to reduce them during leaner times, companies prefer to pay out a cooperative society portion of their earnings, perhaps half, with the aim of maintaining an acceptable level of dividend cover. Some evidence of this phenomenon for United States firms is provided by Alok Bhargava who found that higher dividend payments lower share repurchases though the converse is not true (Bhargava, 2010).Aside from paying out free cash flow, repurchases may also be used to signal and/or take advantage of undervaluation. If a firm's manager believes their firm's stock is currently trading below its intrinsic value they may consider repurchases. An open market repurchase, whereby no premium is paid on top of current market price, offers a potentially profitable investment for the manager. That is, they may repurchase the currently undervalued shares, wait for the market to correct the undervaluation whereby prices increase to the intrinsic value of the equity, and re issues them at a profit. Alternatively, they may undertake a fixed price tender offer, whereby a premium is often offered over current market price, sending a strong signal to the market that he believes the firm’s equity is undervalued, proven by the fact that he is willing to pay above market price to repurchase the shares. Many cooperative registrar in Delhi investors have a target level for the price of a stock when they decide to buy or sell. For example, you might arrive at the figure of $50 a share, which is all you want to spend on a certain stock. Once you decide that you won’t buy if the share goes above $50, then you have set $50 as your limit price for that stock. Especially if you have a limited amount of money to spend, setting a limit price is a good idea .