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of <h1>Board Membership Disqualifications Under Section 43: Insolvency, Conflicts of Interest, Loan Defaults, Absenteeism, and More.</h1> Section 43 of the Multi-State Co-operative Societies Act, 2002 outlines disqualifications for board membership in multi-state co-operative societies. Individuals are ineligible if they are insolvent, involved in society contracts for profit, have criminal convictions, or hold profit positions under the society. Other disqualifications include insufficient membership duration, conflicts of interest, loan defaults, pending legal recoveries, and legal representation conflicts. Absenteeism from board or general meetings, expulsion, and certain previous board roles also disqualify candidates. Additionally, failure to meet administrative obligations like elections, financial reporting, and audits can result in a five-year ineligibility.
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