Multi-State Co-Operative Societies Act, 2002

Disqualifications for being a member of board.

43. (1) No member of any multi-State co-operative society or nominee of a member, society or a national co-operative society shall be eligible for being chosen as, or for being, a member of the board of such multi-State co-operative society or a national co-operative society, or of any other co-operative society to which the multi-State co-operative society is affiliated, if such member-

(a)	-	has been adjudged by a competent court to be insolvent [or has been a director of an insolvent company] or of unsound mind;
(b)	-	is concerned or participates in the profits of any contract with the society;
(c)	-	has been convicted for an offence involving moral turpitude;
(d)	-	holds any office or place of profit under the society:
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