The Maharashtra govt decision to bar tainted directors of cooperative banks from contesting cooperative elections has raised hackles in the NCP. The latter is planning to challenge the decision legally, reports Indian Express.
Speaking at AGM of Vasantdada Sugar Institute in Pune on Thursday former union agriculture minister Sharad Pawar said the proposed reforms should not be used as tools for political witch-hunt.
The state cabinet, earlier this week, had passed an amendment to the Maharashtra Cooperative Societies Act, 1960. As per the amendment, tainted directors of banks whose boards are superseded by the Reserve Bank of India will be barred from contesting elections for two terms.
The reports say several leaders of the NCP are likely to be hit by the decision.
It is worth repeating that the Maharashtra cabinet recently approved an ordinance to amend the Maharashtra Cooperative Societies Act, 1960, to bar directors of all cooperative banks whose board has been dissolved, according to the Reserve Bank of India’s directions, for mismanagement, from re-contesting elections for two terms.
A majority of cooperative banks are controlled by NCP and Congress leaders. Meanwhile, the Congress party says it will wait and watch how the situation pans out.
