Amendment status not verified — confirm the current text below against the official source.
(1) No. person shall be eligible for being elected or appointed as a member of the committee if he, (a) is in default to the society or any other society in respect of any loan or advance taken by him or of any other dues to the society or any other society; (b) is interested directly or indirectly in any contract made with the society or in any sale or purchase made by the society privately or in any auction or any contract or transaction involving financial interest; (c) in an application to be adjudicated a bankrupt or an insolvent or an uncertified bankrupt or an undercharged insolvent ; (d) in employed as legal practitioner on behalf of the society or against the society or on behalf of or against any other society which is a member of the former society; ----------------------------------------------------------------------------------------------------------------------- *1Sub section (4) to (6) of Section 65 inserted by TCS (Second Amendment) Act 2009 (e) has been sentenced for any offence including moral turpitude, such sentence not having been reversed and the offence pardoned and a period of five years has not elapsed from the date of expiry of the sentence; (f) is a nominal or sympathiser member ; (g) is a person of unsound mind; Disqualifification for membership of committees 36 (h) is a minor; Provided that clause (h) shall not be applicable in case of a society exclusively formed for the benefit of students of a school or college; (i) is a paid employee of the society or of the federal society to which the society is affiliated ; (j) ceases to be member of a society and in case federal society on cancellation of affiliation of a society of which he is member ; (k) incurs other disqualifications as may be prescribed in the rules ; (2) (a) A member of the committee shall cease to hold his office if he becomes subject to the disqualifications mentioned is sub-section (1). (b) In a federal society the representative or representatives of the affiliated society or societies on the committee of federal society shall cease forthwith to be member or members of committee with the order of winding up of such society or societies. “(3) In addition to such criteria as may be specified in the bye-laws, all the members of committee shall incur disqualification for next 2 (two consecutive) years for being chosen as committee members and shall be ineligible to continue as committee member of any cooperative, if during their term as a committee member of a cooperative :- (a) They did not conduct election within the time specified in the bye-laws and before the expiry of their term. (b) They did not conduct their annual general body meeting within 4 (four) months of closure of the cooperative’s accounting year. (c) They did not place the audited accounts along with the reports of the statutory / or internal auditors before the general body for its approval.”*1 -------------------------------------------------------------------------------------------------------- *1 Sub -section (3) of Section 56 inserted by TCS (Second Amendment) Act 2009 “66A. Notwithstanding anything contained in section 66, 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 agriculture credit society on the committee of the State Co-operative Bank if such society he represents has committed a default towards the payments of such Bank for a period exceeding ninety days; 37 (ii) is a person who committed a default towards the payments to a primary agricultural credit society or the cooperative land development bank or represents a primary agricultural credit society on the committee of the State Co-operative Bank if such society he represents has committed a default towards the payments of such bank for a period exceeding one year unless the default is cleared ; (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;*1