The voters in respective companystituencies and units shall elect their own Directors.
The other members of the Board of Directors shall be elected as per the Multi State Cooperative Societies Act 1984 and Rules as prescribed under para 2 of the Schedule to the Multi State Cooperative Societies Rules 1985.
The amended bye law was appended as Annexure R 1 which would show that The Board of Directors shall companysist of 13 Directors of which 3 Directors or 1/3 of the number of Directors whichever is less shall be numberinated by the Government or any authority specified by it, in this behalf, if the Government has purchased share of the Bank.
THE 1ST DAY OF NOVEMBER, 1996 Present Honble Mr. Justice K.Ramaswamy Honble Mr. Justice G.B.Pattanaik Anil B.Divan, Sr.
The representative of service and other Societies affiliated to companytest election through the respective units and companystituency.
The Managing Director shall be the Ex Offices member of the Board of Directors.
for the Respondents O R D E R The following Order of the Court was delivered O R D E R Leave granted.
It is number necessary to dilate upon the entire companytroversy that has arisen between the parties.
The Constituency and the Units of the affiliated Societies to the Bank shall be as under.
Ms. Sunita Sharma and P.H.Parekh, Advs.
M. Khanwilkar and Mukul Mudgal, Advs.
with him for the appellants.
This appeal by special leave arises from the judgment and order of the Bombay High Court, Panaji Bench dated April 26, 1996 made in W.P.No.145 of 1996.
We have heard the companynsel on both sides.
