Amendment status not verified — confirm the current text below against the official source.
President and Vice President of Co-operative Society: 1) There shall be a President and Vice-President in a Co-operative Society to be elected by the Board from amongst its Directors n acco:lance with the provisions of the Bye-Laws. The term of President and Vice- President elected by the Board shall be coterminous with the term of the Board. 2) Vacancy in the office of the president or Vice-President shall be filled in by the Board in accordance with the provisions of the Bye-Laws and the President or Vice-President so elected shaH hold office for the unexpired term of his predecessor. 585 3) The Vice President may resign his/her office at any time by notice in writing to the president and the President may resign his/her office at any time by notice in writing to the vice President. Such resignation shall take effect from the date of its acceptance by the Board. 4) The Board may, by a resolution passed any three-fourth majority of the Directors present and voting at a meeting held for the purpose, remove the President or Vice President. Such meeting shall not be presided over by the President or Vice President against whom such resolution is to be considered. 5) The President or Vice President as the case may be, if aggrieved by the resolution passed under sub-section (4) may appeal to the Registrar within thirty days from the date of passing of such resolution whose decision thereon shall be final. 6) In the event of the occurrence of any vacancy in the office of the President by reason of his/her death, resignation or removal or otherwise, the Vice President shall act as President until the date on which a new President is elected in accordance with the provisions of this Act and the Bye-Laws to fill such vacancy. 7) When the President is unable to discharge his/her functions owing to absence, illness or otherwise the Vice President shall discharge the functions of the President until the date on which the President resumes his duties.