a) is below 21 years of age; or b) is paid employee of the Central Government, any State Government the State Bank or of any cooperative society; or c) is convicted of any offence involving dishonesty or moral turpitude; or d) has applied for insolvency or is declared insolvent; or e) is of unsound mind; or f) is in default to Cooperative Society in respect of any sum due from him to the society or owes to any Co-operative Society an amount exceeding his maximum credit limit; or g) has, directly or indirectly, any interest in any contract at which the State Bank is a party or in any sale or purchase made by the State Bank as representative of the member Primary Agri. Dev.
Bank in accordance with the object of the State Bank; or h) does not represent a member Primary Agri. Dev. Bank or i) represents a member Agri. Dev. Bank which is defaulter to the State Bank at the time of election.
31. Election to the Board shall be held in accordance with the provisions contained in the Punjab Cooperative Societies Act, the Rules framed there under the instructions issued by the Registrar in this behalf from time to time.
32. The office bearers shall be elected by the elected members of the Board of Directors/Managing Committee from amongst themselves. The term of the elected office bearers shall be co-terminus with the term of the Board/ Committee. Provided 09 that the elected office bearers can be removed by a vote of noconfidence through a resolution passed by 2/3rd majority of the total elected members of the Board/ Committee. New office bearer shall be elected for the remaining term of the Board/ Committee. The nominated members shall have no right to vote in the election or removal of the office bearers.