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 ..... igible for being chosen as, or for being, a member of the board of such multi‑State co‑operative society or a national co‑operative society, or of any other co‑operative society to which the multi‑State co‑operative society is affiliated, if such member ( a ) has been adjudged by a competent court to be insolvent or of unsound mind; ( b ) is conce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g ) has taken loan or goods on credit from the society of which he is a member, or is otherwise indebted to such society and after the receipt of a notice of default issued to him by such society, has defaulted ( i ) in repayment of such loan or debt or in payment of the price of the goods taken on credit, as the case may be, within the date fixed for such repayment or payment or wher ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) is a person against whom any amount due under a decree, decision or order is pending recovery under this Act; ( i ) is retained or employed as a legal practitioner on behalf of or against the 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 pur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ti-State co‑operative society fails ( a ) to conduct elections of the board under section 45; or ( b ) to call the annual general meeting under section 39; or ( c ) to prepare the financial statement and present the same in the annual general meeting. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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