In additional to such other conditions as may be specified in the articles of association, a member of a cooperative shall be eligible for being chosen as a director of the cooperative, if,––
(i) such member has the right to vote in the affairs of the cooperative ; and
(ii) such member has patronized the services of the cooperative during the previous financial year to the extent and in the manner specified in the articles of association ; and
(iii) such member has no interest in any subsisting contract made with or work being done for the cooperative except as otherwise specified in the articles of association ; and
(iv) three years have lapsed from the date that such member may have ceased to be a director of the cooperative for reasons of,––
(a) non-conduct of general meeting ;
(b) non-conduct of elections to the board ;
(c) non-submission of annual report of activities, audited annual financial statements and/or auditor’s report to the general body ; or
(d) absence from board meetings.