The election to the 19-member Board of Administrators of India’s largest city cooperative financial institution, Saraswat Co-operative Financial institution Ltd., has gone unopposed, with the ultimate checklist displaying precisely 19 candidates for 19 seats throughout all 4 constituencies.
In accordance with the ultimate checklist issued by the Returning Officer on Tuesday, 14 candidates stay for the 14 Common Constituency seats inside Maharashtra. Equally, two candidates stay for the 2 Common Constituency seats exterior Maharashtra, that means each seats have additionally been crammed with out contest.
The financial institution’s SC/ST reserved seat has one candidate for one seat, whereas the Ladies’s Constituency has two candidates for 2 seats. Thus, all 4 constituencies have been crammed unopposed.
It’s learnt that 25 nominations have been initially filed for the 19 board seats, 19 from the Maharashtra constituency, two from exterior Maharashtra, one from the SC/ST class and three from the Ladies’s Constituency.
Following scrutiny on Monday, 23 nominations remained legitimate, 18 from Maharashtra, two exterior Maharashtra, one SC/ST and two ladies candidates. Two nominations have been rejected.
Yogita Satyendra Deshmukh’s nomination was rejected for not sustaining the required Rs 50,000 financial savings/present/time period deposit account with the financial institution for a minimal interval of 12 months, as required below Bye-law 55A. Aakash Ajay Baraskar’s nomination was rejected after the Returning Officer famous that he was indebted to the financial institution as a borrower with excellent automobile and private loans.
After the withdrawal stage, 19 candidates remained for the 19 out there board seats, with every constituency having candidates equal to the variety of seats on supply. Consequently, no polling might be required, with the formal declaration of the elected board anticipated from the Cooperative Election Authority.
Saraswat Financial institution is India’s largest city cooperative financial institution, with a enterprise mixture of greater than Rs 1 lakh crore.
The brand new board will see a major change in its composition, with round 9 members of the outgoing board not returning this time, together with outgoing Chairman Gautam Thakur. The exits are understood to be on account of numerous causes, together with the impression of the RBI’s 10-year tenure restriction for administrators.
The returning administrators embody Samir Kumar Banerji, Arun Rajaram Bapat, Anand Arun Desai, Geeta Sanjeev Kulkarni, Kishore Gurudas Masurkar, Arvind Sadashiv Mokashi, Laxman Ramkrishna Samant, Mandar Bhimrao Kadam and Dr. Sandhya Anil Kamath.
The brand new faces on the board are Dr. Ajit Gunjikar, Bhaskar Laxman Khose, Anand Madhusudan Khot, Mangesh Sharad Parulkar, Padmakar Mohan Parulekar, Nagar Devraya Shenoy, Renuka Sudhakar Wachasunder, Gopalkrishna Umesh Rao, Virendra Sitaram Upadhye and Rashmi Pradeep Prabhu.
