(a)
(b)
(c)
(d)
(e) ® ()] he is in default to any Co-operative Society in respect o f any sum due from him to the Co-operative Society or owes to any Co-operative So ciety an amount exceeding his maximum credit limit;
he is directly or indirectly interested in any contract to whi ch the Federation is a party except in transactions made with the Federation as a member in accordance with the objects of the Co-operative Society as stated in th e Bye-laws;
he has at any time during the period of one year prior to the date of scrutiny of nomination papers engaged in any private business, trade or profession of any description which is carried on by the Federation, he has committed any offense involving dishonesty or moral turpitude during the period of five years prior to the date of scrutiny of nomination p aper;
he is during the period of 12 months preceding the date of fili ng of nomination papers, remained inactive as member or has been carrying on throu gh agencies other than the Co-operative Society of which he is a member, the same business as is being carried out by the Federation.
he is a member of any Co-operative Society which has c eased to function or which _ has notfulfilled its objects as stated in its Bye-laws and has be en included in the list of D'class Society maintained by the Registrar or is a member of a Co-operative Society which is under winding up process;
he has incurred any other disqualification laid down i n the Actand the Rules.
TERM OF THE BOARD :
20. The term of the office of the elected Board shall be five yea rs from the date of its election.
The term of elected office bearers shall be co-terminus with the term of Board provided that the elected office bearers can be removed by vote of no con fidence through a resolution passed by 2/3rd majority of the total elected members of the Board. New office bearers shall be elected for the remaining term of the Board. Th e nominated members shall have no right to vote in the election or the removal of the of fice bearers. No person shall be eligible for being elected to the Board after he has served on the Board of the Federation for two continuous terms, unless a period not less than o ne term has expired since he last so served. An interim vacancy caused in the Board shall be filled by election in the concerned zone for the remaining term of the Board.
6 ) MEETING OF THE BOARD :
21 (a) The Board of Directors shall meet at least once in three months. A 15 days clear notice of the meeting shall be given to the Directors before the meeting is held. One-third of the total members shall form the quorum for meeting of the Board. The Chairman or in his absence the Vice-Chairman and if both are absent, a member elected by those present in the meeting shall preside over the meeting of the Board. Each member shall have one vote.
All questions shall be decided by a majority of votes. In case of equality of votes, the Chairman of the meeting shall have a casting vote.
(b) Any three or one third of the total members of the Board whichever is less may in writing 22 request the Chairman of the Board to summon a special meeting of the Board and may propose items which shall be considered in such meetings. On receipt of such a request the Chairman shall convene a meeting of the Board. If within seven days of receipt of this requisition, the Chairman fails to summon the meeting, the Registrar on the application on the signatories of the requisition may summon a meeting of the Board after giving due notice to all the members as per rules.
A meeting of the Board shall be convened by the Chairman or the Managing Director of the Federation.
POWERS AND DUTIES OF THE BOARD OF DIRECTORS :