The Cooperative Election Authority (CEA) has issued a corrigendum regarding the upcoming elections of A.P. Mahesh Cooperative Urban Bank Ltd., Hyderabad, scheduled for 7th December 2025, ensuring strict compliance with the recently amended provisions of the Banking Regulation Act, 1949.
In a communication to the District Collector and Returning Officer, the CEA clarified that the changes relate to the tenure of directors. Under the amended Section 10A (sub-section 2a(i)), which came into effect on August 1, 2025, the maximum continuous tenure of directors (excluding the Chairperson and Whole-time Directors) has been extended from 8 years to 10 years.
The corrigendum, issued in partial modification of the earlier order dated July 3, 2025, directs the Returning Officer to ensure implementation of these provisions while conducting the elections. It further instructs the Returning Officer to verify details of directors’ tenure, disqualification, or any penalties imposed by the Reserve Bank of India that may affect eligibility.
The Managing Director of A.P. Mahesh Cooperative Urban Bank has been directed to provide all necessary documents sought by the Returning Officer to enable elections to be conducted in a transparent, free, and fair manner.
This development comes after the bank’s Managing Director and CEO sought clarifications on election-related matters, including posts to be contested, disqualification rules, and polling schedules. The CEA noted that clarifications had already been provided earlier but issued the corrigendum to align the election process with the amended BR Act provisions.