Amendment status not verified — confirm the current text below against the official source.
Subject to such other conditions as may be specified in the bye-laws a member of a cooperative society shall be eligible for being chosen as a Director of the cooperative society, if - (1) such member has the right to vote in the affairs of the cooperative society ; 390 THE ASSAM GAZETTE, EXTRAORDINARY, FEBRUARY 4, 2012 ELECTIONS (2) such member has patronised the services of the cooperative society during the previous financial year to the extent and in the manner specified in the bye-laws and has attended at least two Annual General Meetings in the previous five years: (3) such member has no pecuniary interest in any subsisting contract made with, or work being done for the cooperative society except as otherwise specified in the bye-laws. (4) the period of three years has elapsed from the date such member ceased to be a Director for the following reasons (a) not conducting or wrongly conducting the Annual General Meeting under section 39 or special general meeting under sub section (3) of section33 and Board meetings under sub-section (3) of section43; zs (b) non submission of annual report of activities, annual financial statement of accounts to the general body under sub-section (4) of section-30. (c) not conducting the meeting of the Board under sub-section (3) of section 43 or delegates or representative under sub-section (3) of section 41; (d) absence from Board meetings under sub-section(7) of section 43 ; (e) automatic dissolution under sub-section (3) of section 41; (f) for failure to take follow up action on audit report as specified in section 85. (5) such member is free from default of any payment due to the society.