Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 136D] [Entire Act]

State of Tamilnadu - Subsection

Section 136D(11) in The Tamil Nadu Co-Operative Societies Act, 1983

(11)No person shall be elected, nominated or co-opted or allowed to continue as a member of the Board of a short-term co-operative credit structure society, if he,-
(i)is a person who represents a society other than primary agricultural credit society on the Board of a Central Co-operative Bank or the State Apex Cooperative Bank, if such society to whom he represents has committed a default towards the payments of such bank for a period exceeding ninety days;
(ii)is a person who committed a default towards the payments to a primary agricultural credit society or represents a primary agricultural credit society on the Board of a Central Co-operative Bank or the State Apex Co-operative Bank, if such society to whom he represents has committed a default towards the payments of such bank for a period exceeding one year unless the default is cleared;
(iii)is a person, who represents a society whose Board is superseded.