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[Cites 0, Cited by 0] [Section 57B] [Entire Act]

State of Chattisgarh - Subsection

Section 57B(9) in The Chhattisgarh Co-Operative Societies Act, 1960

(9)
(a)There shall be only one nominee of the State Government in the board of the State Co-operative Bank or a Central Co-operative Bank if the State Government has subscribed to its share capital:
Provided that the nominee of the State Government in the board of the State Co-operative Bank or a Central Co-operative Bank shall not take part in election nor shall have any voting right in such election.
(b)
(i)There shall be only one nominee of the State Government in the board of a primary agricultural credit co-operative society if the State Government has subscribed to its share capital:
Provided that the nominee of the State Government in a board in the primary agriculture credit society shall not take part in election nor shall have any voting right in such election.
(ii)A short term co-operative credit structure society shall have full freedom to transact with other societies registered under this Act or co-operatives registered under the Chhattisgarh Swayatta Sahakarita Adhiniyam, 1999 (No. 2 of 2000).