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The board of a cooperative society can be supeisea-ed or kept under suspension if :
1. There is negligence in the performance of duties.
2. There is any act prejudicial to the interest of the co-operative society or its members.
3. The body has failed to conduct elections in accordance with the provisions of the State Act.
4. There is no,Government shareholdings or loan or financial assistance or any guarantee by the Government.
Select the correct answer using the code given below :
1 and 2 only
1 and 3 only
3 and 4 only
1, 2 and 3
- Statement 1: Negligence in the performance of duties can lead to suspension. This ensures the board is accountable for their responsibilities.
- Statement 2: Engaging in activities harmful to the society's interest can also result in suspension. It protects the cooperative's welfare.
- Statement 3: Failure to conduct elections as per the State Act is a valid ground for suspension. Elections are crucial for democratic governance.
- Statement 4: This statement is not typically a ground for suspension. The absence of government involvement doesn't justify suspension.
Options Evaluation:
- Option 1: Includes 1 and 2. Matches valid grounds.
- Option 2: Includes 1 and 3. Matches valid grounds.
- Option 3: Includes 3 and 4. Incorrect as 4 is usually not a valid reason.
- Option 4: Includes 1, 2, and 3. Covers all correct points.
Correct Answer: Option 4: 1, 2, and 3
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