Question

Once a Chairman of a co-operative bank is removed under the BR Act, he/she shall not be eligible for appointment for a period of

• A. One year
• B. Three years
• C. Four years
• D. Ten years

Answer 1

Answer:

C. Four years

The Banking Regulation (Co-operative Societies) Act, 1965 (BR Act) specifies that if a chairman is removed from office, they are barred from holding any position of chairman or director in any co-operative bank for four years from the date of removal. This restriction is meant to ensure proper governance and prevent misuse of authority.