Section 46: Not to be involved in the decision-making process having conflict of personal interest

1) The director shall be engaged in the decision-making process that involves his or her personal interests.

2) No Director shall carry out or cause to be carried out any act of Cooperative Organization that renders benefits only to him or her.

3) In case any director carries out or causes to carry out any act in contravention of sub-Section (1) or beyond his or her working areas, such a director shall be personally liable for such act and in case such an act renders loss or damage to Cooperative Organization, to a member or any other person, such loss or damage shall be recovered from him or her.