board to arrange for election

board to arrange for election. It is proposed to amend Section 28B stipulating that the period of the administrator shall not exceed three months in respect of a society in cooperative credit structure. (1) The election of a board, be conducted before the expiry of the term of the board. (2) The members of the board who have failed to make arrangements for election within the time limit specified in section 39A, shall be deemed to have vacated their office on the last day of the time limit so specified and such members shall not be eligible for election as members of the board for a period of five years from the date of expiry of their term. (3) The Administrator who shall assume charge under sub-section (5) of section 28A, shall, as early as possible but within a period of six months arrange for the constitution of a new board of the society in accordance with the Act, rules and the bye-laws. [Provided that the Administrator so appointed shall not continue for a period beyond three months in respect of a society in cooperative credit structure.]