Terms of Directors

1) The term of office of the Directors shall be three Co-operative Years. 2) The term of representative of an Affiliated Society shall be co-terminus with the term of Board of such Co-operative Society; Provided that the said representative shall cease to be a representative if the Board of the Society which he/she represents is dissolved, Provided further that a Director representing a Credit Society or a finance society to a higher tier of such society shall be disqualified to continue in the Board in the event of the society which he/she represents commits default in repayment for a period exceeding 90 days. 3) Any casual vacancy in the Office of the Director shall be filled in accordance with the provisions of the Bye-Laws and the Director so elected shall hold office for the unexpired term of his/her predecessor.