Section 43
Eligibility for appointment to the Board
of Co-Operative Societies Act 1993
No person shall be eligible to be appointed to the Board or remain as a member of the Board of a co-operative society if he has been—
(a)
convicted for an offence under this Act; or
(b)
dismissed as an officer of a co-operative society.
(2)
Notwithstanding subsection (1) and subject to any directives or guidelines as the Commission may specify, a co-operative society shall, prior to the appointment or reappointment of any person as a member of the Board, seek verification from the Commission on whether such person satisfies the fit and proper criteria as may be specified by the Commission.
(3)
Upon verification that such person has satisfied the fit and proper criteria under subsection (2), the co-operative society may appoint or re-appoint such person as a member of its Board.
(4)
From the third year of registration of a co-operative society, no person shall be appointed to be a member of the Board of such co-operative society unless he has been a member of such co-operative society for a minimum period of two years.
(5)
Subsection (4) shall not apply to a co-operative society with fifty or less members and to a school co-operative society.