Restriction on number of Government Nominees

(1) Where the Government has subscribed to share capital, there shall be only one nominee of the State Government in the board of the State Cooperative Bank or a Central Cooperative Bank or the State Agriculture and Rural Development Bank or a Agriculture and Rural Development Bank. (2) There shall be no nominee of the State Government in the board of a primary agricultural credit cooperative society irrespective of whether the State Government has subscribed to the share capital of such society or not.