Amendment status not verified — confirm the current text below against the official source.
Election: 1) It shall be the duty of the incumbent Board to prepare the voters list with eligible members and to conduct elections of Director, Delegates to the Delegate General Body and representative of the society if fallen vacant. 2) The elections shall be conducted in the manner specified in the Bye- Laws, before the expiry of the term of office of the outgoing Directors, Delegates or Representatives as the case may be. Where a Board fails to conduct elections of the Directors or Delegates as the case may be, before the expiry of the term of their office in accordance with the Act and Bye-Laws, all Directors shall cease to be Directors on the expiry of the period specifies in Section 39. 4) The elections of Director and Delegates shall place at the Annual General Meeting. 5) Where a board fails to conduct elections before the expiry of term of the board or delegates or where there are no Directors remaining on the Board, the Registrar shall convene a General Meeting by appointing an officer of the Co-operative Department for constitution of Board within ninety days from date of such appointment and to perform all functions of the Board during the said period on ninety days at the cost of the Society. 6) The Directors shall hold office for the period for which they were elected and the newly elected Directors shall assume office on the date of expiry of said period. 7) The Directors shall not be eligible for re-election, if so specified in the Bye-Laws. 589 8) Where there are vacancies in the office of the Directors and where there are no sufficient number of Directors to constitute a quorum for Board Meeting, the remaining Directors shall notwithstanding anything contained in this Act or the Bye-Laws, call a General Meeting for the purpose of electing Directors to fill the vacancies for the un- expired term of the Board. However, the Board may co-opt maximum three eligible members for constituting quorum. 9) Notwithstanding anything contained in this Act, no person shall be eligible to hold at the same time, office of a Chairperson or President, Vice chairperson or Vice President in the Board of more than two Co- operative Societies.