Cooperatives
Q. Which of the following is/are true regarding Cooperative Societies?
1) The number of such co-opted members in board of the cooperative shall not exceed 4.
2) Co-opted members have the right to vote in any election of the co-operative society.- Published on 13 Jul 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Neither 1 nor 2
- The state legislature shall make provisions for co-option of persons having experience in the field of banking, management, finance or specialisation in any other related field, as members of the board.
- But, the number of such co-opted members shall not exceed two (in addition to twenty-one directors).
- Further, the co-opted members shall not have the right to vote in any election of the co-operative society or be eligible to be elected as office bearers of the board.
- The functional directors of a co-operative society shall also be the members of the board and such members shall be excluded for the purpose of counting the total number of directors (that is, twenty one).
