LatestCompany Registration 1 July 2026
Bank Row Update
An RTI activist is seeking the disqualification of 7 directors due to allegations of mismanagement, the activist has filed a complaint with the registrar of cooperative societies, the complaint is currently under review and an investigation is ongoing, the activist claims that the directors have failed to perform their duties and have acted in a manner that is detrimental to the bank and its members
An RTI activist, Bhimappa Gadad, has urged the registrar of cooperative societies to disqualify 7 directors of the BDCC Bank due to allegations of mismanagement. The complaint filed by the activist claims that the directors have failed to perform their duties and have acted in a manner that is detrimental to the bank and its members. Some of the key allegations include:
- failure to maintain proper accounting records
- failure to disclose financial information to members
- failure to comply with regulatory requirements
The activist is seeking the disqualification of the directors and is pushing for greater transparency and accountability within the bank.
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