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Section 18: Any elected member of the Board shall cease to hold office as such, if he

Bye laws of MarkfedState Regulations of Punjab · 1961

(@) becomes/declared insolvent 3

(b) is convicted of an offense involving dishonesty or moral turpitude;

(c) becomes a paid employee of any Co-operative Society, Local Body/Institution constituted under the Central/State Act and of Government.

(d) continues to be in default in respect of any sum due from him to any Co-operative Society for such period as may be laid down in the rules/instructions;

(e) becomes subject to any disqualification which would have prevented him from seeking election had he incurred that disqualification before election;

(f) ceases to be a member of the Managing Committee of the Co-operative Society which he represents ;

(9) absents himself from three consecutive meetings of the Board of Directors without sufficient reasons ;

(h) is interested or becomes interested directly or indi rectly in any contract made with the Federation orin any sale/purchase made by the Fed eration privately or in auction or in any contract or transaction with the Federatio n ( other than investment or borrowing ) involving financial interest ;

(1) resigns his office.

DISQUALIFICATION FROM MEMBERSHIP OF THE BOARD :

Where this provision sits

ActBye laws of Markfed
Section18
Marginal noteAny elected member of the Board shall cease to hold office as such, if he
JurisdictionState of Punjab
StatusIn force as published by the source

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