How can the board commit an act that is prejudicial to the interests of the co-operative society or its members?
The board can commit an act that is prejudicial to the interests of the co-operative society or its members by failing to act in a responsible and fair manner towards the society and its members. This could include actions such as making decisions that favor certain members over others, mismanaging funds or resources, neglecting duties and responsibilities, or failing to adhere to established rules and guidelines. These actions can harm the overall functioning of the co-operative society and negatively impact its members.