https://www.taxtmi.com/caselaws?id=111073 Section 48 of the Multi-State Co-operative Societies Act, 2002 confers only a minimum nomination entitlement on a State Government where its shareholding is below 26%, and that power does not operate cumulatively with existing bye-law based nominations. Bye-laws protected by section 126 remain effective unless inconsistent with the Act, and where they already provide government nominees that meet or exceed the statutory minimum, no further nomination right arises. The statutory scheme is directed toward co-operative autonomy, so the government cannot claim an additional director merely because section 48 exists. On this analysis, the impugned extra nomination was invalid. en-us Fri, 29 Oct 2004 00:00:00 +0530 Fri, 20 Apr 2012 12:06:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111073 Section 48 of the Multi-State Co-operative Societies Act, 2002 confers only a minimum nomination entitlement on a State Government where its shareholding is below 26%, and that power does not operate cumulatively with existing bye-law based nominations. Bye-laws protected by section 126 remain effective unless inconsistent with the Act, and where they already provide government nominees that meet or exceed the statutory minimum, no further nomination right arises. The statutory scheme is directed toward co-operative autonomy, so the government cannot claim an additional director merely because section 48 exists. On this analysis, the impugned extra nomination was invalid. Case-Laws Companies Law Fri, 29 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111073