Committee

The Committee of the State Co-operative Bank shall consist of 9 members of whom 3 shall be nominated by the Government, 3 shall be representatives of societies, 2 shall be representatives of members other than societies to be elected or nominated as per the by-laws of the Bank, and one Managing Director to be appointed by the Government in consultation with the Reserve Bank. Provided that the initial committee shall be entirely nominated by the Government for a period of 3 years or such other extended period as may be decided by the Government.