Co-Operative Societies Act 2008
Part IV Management
50. Board of directors
1. Every society shall be managed by a Board of directors which shall be constituted in accordance with this Act and the by- the society.
2. The Board shall be constituted by not less than 5 and not more than 13 directors, as specified in the by-laws.
3. The members of a society may amend the by-laws to vary the number of directors, but no amendment to decrease the number of directors affects an incumbent director.
4. A person who-
a. has been sentenced by a court in any country for an offence involving dishonesty and has not received a free pardon for that offence;
b. is in default of debts owed to the society or compounds with his creditors;
c. is of unsound mind and has been so found by a court in
d. is or becomes bankrupt;
e. is under the age of 18 years;
f. is not a member of the society or a duly appointed representative of a member society; or
g. is already part of the management of another society of the same type, may not constitute part of the management of a society until his disability is removed, but he may retain his membership of the society during the period of such disability.
5. For the purposes of this Part “management” includes-
a. a person who holds membership of any committee established by a society; and (b) a person who is employed by the Board.