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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.

Cooperative Societies Act, 2008 Back

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