( 1 ) THE Ongole Co-operative Bank Ltd. , is one of the oldest Banks in the Guntur District working under the Madras Co-operative Societies Act, hereinafter called the Act. It seems to have a membership of about 900 with a working capital of about 61/2 lakhs. The Bank has also a paid Secretary who is of the grade of the Co-operative Sub Register. The financing Bank for the said Co-operative Bank is the Guntur District Co-operative Central Bank Ltd. , Tenali. According to the bye-laws of the Bank the term of the office bearers is three years. The present Board of Directors were elected and started functioning from 1-2-1960.

( 2 ) IT is also alleged that due to some political pressures the Registrar of the Co-operative Societies issued a notice under Section 43 (1) and (3) of the Act on 6-2-1963, on the ground that the Bank is not working satisfactory and is also mismanaged. The said notice was served on the President of the Bank on 12-12-1963 calling on the Board of Directors to submit their explanation on or before 25-2-1963. The Board of Directors thereafter submitted their explanation. The Registrar through his order dated 25-6-1963 superseded the Board. In this p