Term of office

The term of office of the director of the board, or where the bye-laws provide for retirement of directors by rotation, the term of office of the individual director, shall be for such period as specified in the bye-laws but shall not exceed three years from the date of assumptions of office: Provided that the term of office can be terminated by the general body at its meeting by a majority of members with right of vote: Provided further that the first board shall not exceed twelve months from the date of registration of the Cooperative Society. 9. In the said Act section - 28 shall be amended as follows, namely – The term of office of elected members of the board and its office bearers shall be five years from the date of election and the term of office bearers shall be co-terminus with the term of the board; Provided that the board may fill a casual vacancy on the board by nomination out of the same class of members in respect of which the casual vacancy has arisen, if the term of the board is less than half of its original term. Provided further that the term of the first board shall not exceed twelve months from the date of registration of the Co-operative Society.”