Assam Co-op Apex Bank gets ready for election on May 21
Board passes resolution; nominations to begin after RoC approval
The board meeting of Assam Cooperative Apex Bank (ACAB) was held on Wednesday and it decided to hold Annual General Meeting and elections on 21st May 2021.
The board meeting was held physically. It was presided over by the Chairman In-Charge and Vice-Chairman Biswajit Phukan.
“The board tenure will get completed on 26th May 2021 and thus we decided to hold the elections on 21st May. Besides, on the same day the annual general meeting for the year 2019-20 FY will also be organized”, said one of the board members to Indian Cooperative correspondent.
Assam Co-op Apex Bank gets ready for election on May 21
Board passes resolution; nominations to begin after RoC approval
The board meeting of Assam Cooperative Apex Bank (ACAB) was held on Wednesday and it decided to hold Annual General Meeting and elections on 21st May 2021.
The board meeting was held physically. It was presided over by the Chairman In-Charge and Vice-Chairman Biswajit Phukan.
“The board tenure will get completed on 26th May 2021 and thus we decided to hold the elections on 21st May. Besides, on the same day the annual general meeting for the year 2019-20 FY will also be organized”, said one of the board members to Indian Cooperative correspondent.
A serious fight is afoot between some board members and Vice-Chairman of the Assam State Cooperative Bank. The issue in question is the appointment of a new Managing Director in the bank. The directors have sought the intervention of the bank Chairman Himanta Biswa who at present is the minister in Sarbananda Sonowal’s cabinet and has little time to focus on the co-op bank’s affairs.
Due to his tight schedule, the Minister has given the charge of Chairman to Biswajit Phukan, Vice-Chairman of the bank. Most of the BoD members are opposed to Phukan and allege that he is ruining the bank for his narrow interests.