Invitation sent to 978 societies, when only 129 have voting rights

The district unit of the Left Democratic Front (LDF) has raised strong objection to the manner in which invitations have been sent for convening a special general body meeting of the Kollam District Cooperative Bank on Saturday. The LDF will stage a dharna in front of the office of the Joint Registrar of Cooperative Societies here on Friday to register their protest.

Addressing a press conference here on Wednesday, LDF leaders P. Rajendran, D. Rajappan Nair, R. Gopalakrishna Pillai and Philip K. Thomas said that the general body meeting was being convened with the motive of amending a bylaw of the bank through a manipulated majority.

They pointed out that as per the existing rules, the bank had only 129 cooperative societies as members. They comprised 125 primary agriculture cooperative societies and four urban banks. But invitations had been sent to 978 cooperative societies and the register for the meeting had been prepared .

This was in violation of the Kerala Cooperative Societies Act as except the 129 members the rest were B-class members with no voting rights. As such they should not have been invited.

The LDF leaders alleged that the move was part of the United Democratic Front game plan to gain control over the cooperative sector in the State. As prelude to this the director boards of the district cooperative banks were dissolved through an ordinance in February this year, they said.

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