Gujarat Co-operative Societies Act, 1961
(1) A chairman, vice-chairman or Managing Director (if such Director is elected) of a committee shall, unless he resigns or is removed earlier, be entitled to hold office continuously for not more than two terms. (2) A person who has held the office of a Chairman or vice-chairman or Managing Director (if he is elected) continuously for two terms, shall be eligible to hold that office after a lapse of a period of not less than two terms after he ceases to hold that office. Explanation.—For the purpose of this section, the expression, 'term' means a term consisting of three years commencing from the date of the first meeting of a committee in which a Chairman, vice-chairman or, as the case may be, Managing Director (if he is elected) is elected.