Amendment status not verified — confirm the current text below against the official source.
Sub-section (6) substituted ibid. CO-OPERATIVE SOCITIES ACT, 1989. 67 Backward Classes and one seat shall be reserved for women, which shall be filled by the Government in such manner as may be prescribed : Provided further that in case of a Co-operative Credit Structure Society, two seats shall be reserved for members belonging to Scheduled Castes and other Backward Classes and one seat shall be reserved for women, which shall be filled by election and where a candidate from any such category is not available, then such seat shall be filled by election from unreserved candidates. (6A) Notwithstanding anything contained in sub-section (6),–– (a) there shall be only one nominee of the Government on the Committee of an Apex Co-operative Bank or a Central Co-operative Bank, if the Government has subscribed to its share capital ; (b) there shall be no nominee of the Government on the Committee of a Primary Agricultural Credit Society]. (7) In the case of Societies which give loans for purchase of machinery, implements, equipments, commodities or other goods, no member, whose near relation is a dealer in such goods or is a Director of the Company or a partner of a firm carrying on business in such goods, shall be eligible for being elected or appointed as a member of the Committee of such Society. 1[29A. Bar to election, nomination and continuance as member of Committees.––No person shall be elected, nominated or co-opted or allowed to continue as a member of the Committee of a Co-operative Credit Structure Society, if he–– (i) is a person who represents a Society other than a Primary Agricultural Credit Society on the Committee of a Central Co-operative Bank or an Apex Co-operative Bank and the society he represents has committed a default towards the payments of such Bank for a period exceeding ninety days ; or (ii) is a person who committed a default towards the payments to a Primary Agricultural Credit Society or represents a Primary Agricultural Credit Society on the Committee of a Central Co-operative Bank or an Apex Co-operative Bank and the Society he represents has committed a default towards the payments of such bank for a period exceeding one year, unless the default is cleared ; or (iii) is a person, who represents a Society whose committee is superseded or has ceased to be a member on the committee of his own Society.