Disqualification for board membership: statutory grounds bar individuals from serving and supersession triggers a multi year ineligibility. Section 43 lists disqualifications for board membership in multi State co operative societies, covering insolvency or unsound mind, conflicts of interest, criminal convictions including under the Act, office of profit, insufficient membership tenure, competing business interests, indebtedness following default, recovery orders, legal practitioner retention, expulsion or prior disqualification, and unauthorised absences from meetings. It also prescribes statutory bars following board supersession and for failures in governance or compliance-such as non cooperation with election authorities, failing to call AGMs, prepare financial statements, contribute to specified funds, file returns, or procure audits-each subject to a prior opportunity to be heard by the Central Registrar.
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Disqualification for board membership: statutory grounds bar individuals from serving and supersession triggers a multi year ineligibility.
Section 43 lists disqualifications for board membership in multi State co operative societies, covering insolvency or unsound mind, conflicts of interest, criminal convictions including under the Act, office of profit, insufficient membership tenure, competing business interests, indebtedness following default, recovery orders, legal practitioner retention, expulsion or prior disqualification, and unauthorised absences from meetings. It also prescribes statutory bars following board supersession and for failures in governance or compliance-such as non cooperation with election authorities, failing to call AGMs, prepare financial statements, contribute to specified funds, file returns, or procure audits-each subject to a prior opportunity to be heard by the Central Registrar.
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