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Section 20 - Amendment of section 51 - Multi-State Co-operative Societies (Amendment) Act, 2023Extract Amendment of section 51. 20 . In section 51 of the principal Act, after sub-section (1), the following sub-section shall be inserted, namely: (1A) No multi-State co-operative society shall appoint or continue the employment of any person as the Chief Executive who (a) is below the age of twenty-one years or has attained the age of seventy years: Provided that any person above the age of seventy years may be appointed by a special resolution passed by three-fourth of the board members, in which case the explanatory statement annexed to the notice for such motion shall indicate the justification for appointing such person; (b) is an undischarged insolvent or has any time been adjudged as an insolvent; (c) has at any time been convicted by a court of an offence and sentenced for a period of more than six months; or (d) does not meet the criteria for fit and proper , as determined by the Central Registrar in case of multi-State credit societies or in case of non-credit multi-State societies, does not meet the criteria as Central Government may prescribe in terms of education qualifications and relevant experience. .
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