(1) The term of office of the Directors shall be three cooperative years.
(2) The term of representative of an affiliated society shall be co- terminus with the term of Board of such cooperative society :
Provided that the said representative shall cease to be a representative if the Board of the society which he represents is dissolved. :
Provided further that a director representing a credit society or a finance society to a higher tier of such society shall be disqualified to continue in the board in the event of the society which he represents commits default in repayment for a period exceeding 90 days.
(3) Any causal vacancy in the office of the Director shall be filled in accordance with the provisions of the bye-laws and the Director so elected shall hold office for the unexpired term of his predecessor.