|
|
|||
|
The ultimate authority in all matters relating to the Federation shall vest in the General Body. The General Body of the Federation shall consist of the chairman or president or the Chief Executive of each member State Cooperative Bank. Provided that in case elected Board of a member bank does not exist, then the Chairman or President of the nominated Board of such bank or its Chief Executive and in case the elected or nominated Board does not exist, then, any person designated as Administrator, Officer-In-Charge, Person-in-charge or special officer or by whatever name he is designated shall be the representative of that bank on the General Body of the Federation. The General Body shall not interfere with the actions of the Board of Directors and of the Executive and other Committees or any officer, performed in the exercise of the powers conferred on them under the Act, Rules and the Bye-Laws. The following shall be dealt with by the General Body. a) To approve the Annual Budget of Income and Expenditure and to adopt the Annual Report and Statement of Accounts of the Federation. b) To Consider the Annual Audit Report of the Auditors. c) To amend the Bye-Laws of the Federation. d) To review the work of the Federation and to formulate the programme of the activities for the ensuing year. e) To consider the writing off of losses or bad debts of the Federation as per provisions contained in Bye-Law No. 30. The General Meeting shall be held annually within six months or such period as may be prescribed, after the close of the year. If extension of the period of General Meeting is considered necessary, permission should be obtained from the Central Registrar. The Annual General Meeting may be called by the Chief Executive at the instance of the Chairman by giving not less than 14 days notice in writing. In the absence of Chairman, for any reason the Chief Executive may convene the meeting. Every representative of the member bank present at the Annual General Body Meeting shall have one vote each. The Chairman shall have a casting vote in the event of equality of votes. The quorum for the General Meeting shall be one half of the total number or nine whichever is less. No business shall be transacted at any General Meeting unless there is quorum at the time when the business of the meeting is due to commence. If within half an hour from the time appointed for the meeting, a quorum is not present, the meeting shall stand adjourned, provided that a meeting which has been called on requisition of members shall not be adjourned but dissolved. If at any time during the meeting sufficient number of members are not present to form a quorum, the chairman may adjourn the meeting and the business that remains to be transacted shall be disposed of in the usual manner at the adjourned meeting. Where a meeting is adjourned, the adjourned meeting shall be held either on the same day or on such date, time and place as may be decided by the Chairman. No Business shall be transacted at any adjourned meeting other than the business on the agenda of the previous adjourned meeting. All Resolutions which are put to vote at the General Body Meeting shall be decided by a majority of the members present and voting. Voting shall be by show of hands, unless a poll is demanded by at least ten members present at the meeting. A
General Meeting may be called by the Central Registrar himself, under the
second proviso to sub-section (i) of Section 30 of the Multi-State Cooperative
Societies Act by his giving not less than 7 days notice and specifying the
time, date and place of such meeting and the subjects to be considered. |
