Disqualification of all directors of the board

Notwithstanding anything contained in the foregoing section, all the directors of the board shall, be deemed to have incurred disqualification for a period of five years for being chosen as directors and shall be ineligible to continue as directors of any society, if, during their term as directors of the society,— (a) they did not conduct the annual general meeting within six months of closure of the society’s accounting year; (b) they did not conduct a requisitioned general meeting within the specified time; (c) they did not place the accounts for the preceding co-operative year before the general body at its annual general meeting. (d) they willfully allow any of the disqualified director to continue on the board.