(1) No person shall be eligible for election, co -operation or nomination] as a member of the committee of a society and shall cease to hold his office as such, if he - 42
(a) is an applicant to be adjudicated or is an undischarged insolvent; or
(b) is sentenced for an offence not involving moral turpitude and a period of f ive years has not elapsed from the date of expiry of the sentence; or
(c) is or becomes of unsound mind; or
(d) holds or accepts any office of profit in the society; or
(e) carries on business of the kind carried on by the society; or (e-1) (Omitted)
(f) has been disqualified under Section 49, 50 or 53 for the pe riod mentioned in the order ; or
(g) has, at the t ime of nomination of his/her candidature, or subsequent to his/her election, his/her wife/husband/father/mother/ brother/sister/son/daughter as a paid employee of the society; or
(h) is or gets in default to the society or to any other society for a period exceeding twelve months in respect of any loan or loans taken by him; or ( i) has been a member of a society for less than forty five days immediately preceding the date of election; or ( j ) has been removed from the service of Central Government or a State Government or any Public Undertaking insti tution or any local self insti tution or any co-operative society
(k) (Omitted)
(2) (Omitted)