The superintendence, direction and control of the preparation of electoral rolls for, and the conduct of all election to a Cooperative Society shall vest in the Registrar. It shall be the duty of the Register to prepare the voters list with eligible members to arrange for holding election of Directors, delegates, or representatives to the delegate general body and representative of the society, if fallen vacant.
The election of Directors to a Board shall be conducted before the expiry of the term of the Board so as to ensure that the newly elected members of the Board assume office immediately on the expiry of the office of members of the out-going Board.
The election of Directors and delegates shall take place at the General Meeting called for the purpose.
Where a Board fails to arrange for holding election before the expiry of the term of the Board or delegates or where there are no Directors remaining on the Board, the Registrar shall convene a General Meeting by appointing an Officer of the Cooperative Department for Constitution of the Board within ninety days from the date of such appointment and the officer so appointed shall perform all functions of the Board during the said period of ninety days at the cost of the Society.
The Directors shall hold office for the period for which they were elected and the newly elected Directors shall assume office on the date of expiry of the said period.
Where there are vacancies in the office of the Directors and where there are no sufficient number of Directors to constitute a Quorum for Board meeting, the Board may co-opt maximum three eligible members for constituting quorum or arrange for holding election to fill up the vacancies for the un-expired term of the Board.
Notwithstanding anything contained in this Act, no person shall be eligible to hold; at the same time, office of a president or Vice-president of the Board of more than two Co-operatives.