https://www.taxtmi.com/acts?id=15344 A multi State co operative society must have an elected board whose size and composition are governed by the Act and bye laws, including reserved representation and the ability to co opt up to two expert members who cannot vote for or be office bearers. Functional directors sit on the board but are excluded from the statutory headcount. Directors must not discuss or vote on contracts where they or their relatives have a direct or indirect interest; relatives of sitting directors cannot be employed, including as Chief Executive. Violation results in disqualification and deemed vacation of office and voids the affected proceedings. en-us Wed, 21 Sep 2011 12:47:29 +0530 Fri, 05 Jul 2024 13:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15344 A multi State co operative society must have an elected board whose size and composition are governed by the Act and bye laws, including reserved representation and the ability to co opt up to two expert members who cannot vote for or be office bearers. Functional directors sit on the board but are excluded from the statutory headcount. Directors must not discuss or vote on contracts where they or their relatives have a direct or indirect interest; relatives of sitting directors cannot be employed, including as Chief Executive. Violation results in disqualification and deemed vacation of office and voids the affected proceedings. Act-Rules Trust and Society Wed, 21 Sep 2011 12:47:29 +0530 https://www.taxtmi.com/acts?id=15344