Amendment status not verified — confirm the current text below against the official source.
Disqualification of the members of the Board and Administrative Council: A member shall not be eligible for being chosen or for being appointed as a member of the board or administrative council of a society or another societyto which the society is affiliated if such member- a) Is adjudged by a competent courtto be insolventor of unsound mind; b) Has been punished with imprisonment for an offence involving moral turpitude or criminal activities; c) Is concerned or participates in the profit of any contract with the society; 586 d) In a credit society, failed to pay in three consecutive years immediately preceding the election at least an amount equivalent to any instalment fixed for repayment of any loan or advance or credit or become defaulter to any other Co-operative Society; e) Has acted in a manner prejudicial to the interest of the Co-operative Society in particular orthe Co-operative Movement in general.