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TMI BlogDisqualifications for being a member of board.X X X X Extracts X X X X X X X X Extracts X X X X ..... insolvent 1 [ or has been a director of an insolvent company ] or of unsound mind; ( b ) is concerned or participates in the profits of any contract with the society; ( c ) has been convicted for an offence involving moral turpitude; ( d ) holds any office or place of profit under the society: Provided that the Chief Executive or such full‑time employee of the society as may be notified by the Central Government from time to time or a person elected by the employees of such society to represent them on the board of such society shall be eligible for being chosen as, or for being, a member of such board; ( e ) has been a member of the society for less than twelve months immediately preceding the date of such election or appointment; ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he multi‑State co‑operative society, or on behalf of or against any other multi‑State co‑operative society which is a member of the former society. Explanation . For the purposes of this clause, legal practitioner has the same meaning as in clause ( i ) of sub‑section (1) of section 2 of the Advocates Act, 1961 (25 of 1961); ( j ) has been convicted for any offence under this Act; ( k ) is disqualified for being a member under section 29; ( l ) has been expelled as a member under section 30; ( m ) absents himself from three consecutive board meetings and such absence has not been condoned to by the board; ( n ) absents himself from three consecutive general body meetings and such absence has not been condoned b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) of sub-section (1) of section 63 or the Co-operative Rehabilitation, Reconstruction and Development Fund established under section 63A; or (e) to file annual return specified in section 120 within the time specified therein; or (f) to get the audit of the society conducted within six months of the close of the financial year to which such account relate: Provided that before taking any action under this sub-section, he shall be given an opportunity of being heard by the Central Registrar. ] **************** NOTES:- 1. Inserted vide THE MULTI-STATE CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 2023 dated 03-08-2023 2. Inserted vide THE MULTI-STATE CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 2023 dated 03-08-2023 3. Inserted vide THE MULTI-STATE CO-O ..... X X X X Extracts X X X X X X X X Extracts X X X X
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