https://www.taxtmi.com/caselaws?id=312604 The SC set aside the HC judgment regarding CEO appointment in a cooperative bank. The bank attempted to appoint an officer not from the cadre maintained by the appellant, violating Section 54(3) of the 1960 Act and state notifications requiring Central Cooperative Banks to employ officers only from specified cadres. The court held that the 2016 Amendment Act's provisions regarding CEO eligibility criteria must be read harmoniously with existing cadre requirements. The Registrar's ratification of the alternative CEO appointment was upheld as legally sustainable. Appeal allowed. en-us Wed, 04 Mar 2020 00:00:00 +0530 Thu, 29 Feb 2024 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312604 The SC set aside the HC judgment regarding CEO appointment in a cooperative bank. The bank attempted to appoint an officer not from the cadre maintained by the appellant, violating Section 54(3) of the 1960 Act and state notifications requiring Central Cooperative Banks to employ officers only from specified cadres. The court held that the 2016 Amendment Act's provisions regarding CEO eligibility criteria must be read harmoniously with existing cadre requirements. The Registrar's ratification of the alternative CEO appointment was upheld as legally sustainable. Appeal allowed. Case-Laws Indian Laws Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312604