24-04-2025
No confidence motion in KSCARD Bank passed, but declaration of results put on hold
The motion of no confidence moved by a section of members against a director board of the United Democratic Front (UDF)-governed Kerala State Co-operative Agricultural and Rural Development (KSCARD) Bank was passed 40-37 on Thursday.
However, the declaration of results or any further action will be subject to the Kerala High Court verdict on a case regarding the validity of Rule 43C recently added by the State government to the Kerala Cooperative Societies Rules providing for 'motion of no confidence' against managing committees of cooperative societies and banks by the general body.
Conveyed objections
The director board has, meanwhile, conveyed their objections to the court regarding the votes cast by the representatives of the Kattakada and Vadakara co-operative agricultural and rural development banks, bank president C.K. Shajimohan said.
Earlier this week, the director board of the bank had accused the State government of aiding the Communist Party of India (Marxist) [CPI(M)] attempts to wrest control of the UDF-governed bank.
The director board, which has a UDF majority, has maintained that neither the Cooperative Societies Act nor the bylaw of the KSCARD Bank provides for no confidence motion. The bylaw clearly says that an elected committee stays in power for five years.
