Maha Law Dept: ROs can’t reject Co-op Bank Nominations over 10-Year rule

The Maharashtra Cooperation, Marketing and Textile Department has clarified that Returning Officers (ROs) cannot reject nominations for cooperative bank elections solely on the ground that a candidate has completed 10 consecutive years as a director under the amended Banking Regulation Act, 1949. The clarification follows a legal opinion issued by the Law and Judiciary Department […]