Eligibility for directorship in a Co-operative

In addition to such other conditions as may be specified in the articles of association, a member of a Co-operative shall be eligible for being chosen as a director of the Co-operative, if,-

1. (a) such member has the right to vote in the affairs of the Co-operative;
2. (b) such member has patronised the services of the Co-operative during the previous financial year to the extent and in the manner specified in the articles of association;
3. (c) such member has no interest in any subsisting contract made with or work being done for the Co-operative except as otherwise specified in the articles of association; and
4. (d) three calendar years have elapsed from the date on which such member may have ceased to be a director of the Co-operative for reasons of-
   • (i) non-holding of general body meeting;
   • (ii) non-conduct of elections to the board;
   • (iii) non-submission of annual report of activities, audited annual financial statements and/or auditor's report to the general body; or
   • (iv) absence from board meetings.