Section 74(8)

(8) The committee of a primary agricultural credit society shall be superseded by the Registrar only under the following conditions: (i) that a society incurs losses for three consecutive years’ or (ii) that serious financial irregularities or frauds have been identified; or (iii) that there are judicial directives to this effect ; or (iv) there is a lack of quorum for 3 (three) consecutive meetings. Provided that members of the committee of a primary agriculture cooperative society which has been superseded will be disqualified to contest the election to any committee for a period of at least three consecutive years from the date of suppression.