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of <h1>Disqualification from Board Membership for Multi-State Co-Op Societies if Debts Under 17 Acts Exist, Per Section 43(1)(h).</h1> A person is disqualified from being a member of the board of a multi-state cooperative society if they have outstanding recoveries under certain specified acts. These acts include major legislative frameworks such as the Indian Stamp Act, Reserve Bank of India Act, Central Excise Act, Industries (Development and Regulation) Act, and others, totaling seventeen acts. This provision is outlined in the Multi-State Co-Operative Societies Act, 2002, specifically in Section 43(1)(h) and detailed in the Third Schedule. The list of acts was updated with the Multi-State Co-Operative Societies (Amendment) Act, 2023.
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