law: Co-Operative Societies Act 2008 
  62.
  
  Supervisory Committee
  1.      Every credit union
  
  shall have a Supervisory Committee which shall be elected by its members at the
  
  annual general meeting.
  2.      The members of a
  
  Supervisory Committee shall hold office for such term as the by-laws provide
  
  and until their successors are elected.
  3.      The Supervisory
  
  Committee shall consist of the number of members fixed by the by-laws, which
  
  shall not be fewer than 3.
  4.      No person who is a
  
  member of the Board or Credit Committee or who is an employee of the credit
  
  union shall be a member of the Supervisory Committee.
  5.      A majority of the
  
  Supervisory Committee constitutes a quorum.
  6.      A member entitled to
  
  vote at an election of members of the Supervisory Committee, if he votes, shall
  
  cast thereat a number of votes equal to or less than the number of the members
  
  of the Supervisory Committee to be elected, and the member shall distribute the
  
  votes among the candidates in such manner as he sees fit, but no candidate
  
  shall receive more than one vote from each member.
  7.      Where a vacancy
  
  occurs in the Supervisory Committee, the Supervisory Committee may fill such
  
  vacancies until the next annual meeting of the credit union.
  8.      The by- the credit
  
  union or other society may provide for the election and retirement of members
  
  of the Supervisory Committee in rotation, but in that case no member shall be
  
  elected for a term of more than 3 years, and no person may serve as a member of
  
  the Supervisory Committee of a society for more than 2 consecutive terms or an
  
  aggregate of 6 successive years.