a) becomes subject to any disqualifications as provided in clause
(a) to (9) bye-law 30; or b) is a representative of a society under winding up orders; or Class 'D' or c) ceases to be share-holder of the society he represents; or d) is a representative of a society which may ceases to be member of the State Bank; or e) resignation is accepted by the Board; or f) is a representative of society which is defaulter to the State Bank in respect of loan continuously for a period of (3) three months. or g) ceases to be a committee member of the Primary Cooperative Agricultural Development Bank he represents; or h) Deleted.
34. The term of office of the elected Board shall be five years from date of its election.
The office bearers shall be elected by the elected members of the Board of Directors from amongst themselves.
The term of the elected office bearers shall be co-terminus with the term of Board. Provided that the elected office bearers can be removed by a vote of no confidence through a resolution passed by 2/3rd majority of the total elected members of the 10 Board. New office bearers shall be elected for the remaining term of the Board.
The nominated members shall have no right to vote in the election or removal of the office bearers.
35. Deleted
36. a) The Board shall meet atleast once in three months. Atleast fifteen days notice shall be given to Directors before a meeting is held. The Managing Director of the State Bank shall call the meeting of Board of Directors. One-third of the total number of members shall form quorum of the meeting of the Board. The President or in his absence the Vice-President 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 vote. In case of equality of votes the President 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 make a requisition for a special meeting of the Board by making a request in writing to the President of the State Bank. The President, on the receipt of requisition, shall summon the meeting of the Board within 7 days. If he fails to summon the meeting within seven days of the receipt of requisition, the Registrar, on the application of the signatories to the requisition, may summon a meeting of the Board after giving due notice to all the members as required under the rules and these bye-laws.
37. If any elected member of the Board of the State Bank absent himself from three consecutive meetings of the Board without sufficient reasons, he may be removed by the Board from membership at the Board.
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