Amendment status not verified — confirm the current text below against the official source.
A member shall be eligible for being chosen as a Director if, — becoming a Director of a self- he has right to vote in the affairs of the self-supporting co- supporting co- opel ative society (a) operative society ; he has utilized the services of the selt-supporting co- operative society during the previous financial year to the extent and in the manner speci fied in the bye-laws | niary interest in any contract made with the (b) (c) he has no pecu : self-supporting co- operalive society ; (d) he is not a defaulter of any other self-supporting co- operative society ; and T GAZ. (EXTRA.), NOV. 8, 2010 4 PUNJAB GOVT GAZ. (F N (KRTK 17, 1932 SAKA) (e) a period of three years has clapsed from the date, such member ceased to be the Director for the following reason, namely :— (i) non-calling of annual general meeting OF Speci] general meeting under sections 36 and 37 respectively ; (i) non-submission of annual report of activities and audited annual financial statement of accounts to the members under sub-section (4) of section 36 - (iii). non-conduct of elections of the Directors; and (iv) absence from three consecutive meetings of the Board ; (f) a period of five years has elapsed from the date such a member ceased to be the Director on account of his removal ; and (g) the period of five years has elapsed from the date of conviction for an offence under this Act or for an offence of moral turpitude. powers and .