law: Co-Operative Societies Act 2008 
  Part
  
  IV Management
  50.
  
  Board of directors
  1.      Every society shall
  
  be managed by a Board of directors which shall be constituted in accordance
  
  with this Act and the by- the society.
  2.      The Board shall be
  
  constituted by not less than 5 and not more than 13 directors, as specified in
  
  the by-laws.
  3.      The members of a
  
  society may amend the by-laws to vary the number of directors, but no amendment
  
  to decrease the number of directors affects an incumbent director.
  4.      A person who-
  a.     
  
    has
  
  been sentenced by a court in any country for an offence involving dishonesty
  
  and has not received a free pardon for that offence;
  b.    
  
    is
  
  in default of debts owed to the society or compounds with his creditors;
  c.     
  
    is
  
  of unsound mind and has been so found by a court in
  d.    
  
    is
  
  or becomes bankrupt;
  e.     
  
    is
  
  under the age of 18 years;
  f.     
  
    is
  
  not a member of the society or a duly appointed representative of a member
  
  society; or
  g.    
  
    is
  
  already part of the management of another society of the same type, may not
  
  constitute part of the management of a society until his disability is removed,
  
  but he may retain his membership of the society during the period of such
  
  disability.
  1.     
  2.     
  3.     
  4.     
  5.      For the purposes of
  
  this Part “management” includes-
  a.     
  
    a
  
  person who holds membership of any committee established by a society; and (b)
  
   a person who is employed by the Board.