Amendment status not verified — confirm the current text below against the official source.
Elections (1) The conduct of elections to the board of a Cooperative Society shall be the responsibility of the incumbent board. (2) Elections shall be conducted in the manner specified in the bye-laws before the term of office of the outgoing directors comes to an end. (3) The election of the directors shall take place at the general body meeting. (4) The directors shall hold office for the period specified in the bye-laws and for which they were elected and the newly elected directors shall assume office on completion of the period of the outgoing directors or the cessation of the period as the case may be. (5) The directors shall if the bye-laws so permit, be eligible for re-election: Provided that he had not been a director or an office-bearer of the Cooperative Society for two consecutive terms. (6) Where the number of nominees exceeds the numbers of directors to be elected, the election of directors shall be by secret ballot. (7) Where a board does not take necessary steps to conduct elections before the expiry of the terms of the directors, or where there are no directors remaining on the board, a minimum of five percent of total members of the Cooperative Society may jointly convene a general meeting of the members, for appointing an ad-hoc board for the specific purpose of conducting elections. (8) The term of ad-hoc board so appointed shall not exceed three months. 21/42 (9) If an ad-hoc board is not constituted in accordance with sub-section (7), it shall be the duty of the federation to inform the Registrar. (1 O)The Registrar on the report of the Federation under sub-section (9) may suo moto convene a general meeting for appointing another ad-hoc board for the specified purpose of conducting elections. (11 )The term of the ad-hoc board appointed under sub-section (10) shall not exceed one month and this ad-hoc board shall cease to function as soon as a regular board is elected in accordance with the bye-laws. (12)The cost of conducting elections shall be borne by the Cooperative Society. (13)Where there is vacancy on the board and where there is not a quorum of directors due to such vacancy the remaining directors shall call a general meeting for the purpose of electing members to fill any vacancies for the remaining period, if the remaining period is over six months.