law: Co-Operative Societies Act 2008 
  75.
  
  Ambit of director’s duty
  The
  
  provisions of a contract, the by-laws or the circumstances of his appointment
  
  do not relieve a director from—
  a.      the duty to act in
  
  accordance with this Act and the Regulations; and
  b.     liability that by
  
  virtue of a rule of law would otherwise attach to him with respect to
  
  negligence, default, breach of duty or breach of trust or which he may be
  
  guilty of in relation to the society.