-
To admit
members
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To interpret the organizational objectives and set up specific goals to
be achieved towards these objectives;
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To make periodical appraisal of operations;
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To elect a Chairman and 6 Vice-Chairmen one each from six zones viz.
(a) Eastern, (b) North Eastern, (c) western, (d) Southern, (e) Northern, (f) Central from
amongst
the democratically elected non-official member of the Board originally representing
the Short Term
Cooperative Credit Structure and in the absence of such elected non-official,
any other non-official member of
the Board.
Provided that while electing the vice-chairmen the Board shall authorize by
name one of the vice-chairman to act as Chairman of the Federation in case there is a vacancy
or the elected Chairman is unable to perform the duties of the Chairman for one reason or the
other.
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To
decide from time to time the grouping of the member banks in different
zones for the purpose of electing the Vice-Chairmen.
-
To fill up the vacancy if any, by holding elections of the Chairman
and/or Vice-Chairmen as the case may be for the unexpired term of his/their tenure.
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To observe in all their transactions, the provisions of the Act, Rules
and the Bye-Laws.
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To prepare and place before the General Body the annual report, balance
sheet, income and expenditure statement, audit report and the budget of the Federation.
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To prepare and lay before the General Body the programme of work for
the ensuing year.
-
To accept or reject the resignation of the Chairman and/or
Vice-Chairmen.
-
To select and appoint the Chief Executive and fix his emoluments and
decide the terms and conditions of his service. To appoint other members of the staff for the Federation
and fix their emoluments.
-
**
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To arrange for carrying on the administration of the Federation and to
initiate action that may be necessary on the resolutions passed by the General Body.
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To consider and express opinions on the problems of common interest
concerning the cooperative banks on its own initiative or as referred to it by member state cooperative
banks.
-
To consider matters of common interest and to advise and assist member
State Cooperative Banks in furtherance of their interest.
-
To consider subjects/issues and place them before the General Body with
its recommendations.
-
To
appoint the executive Committee and other Committees or Sub-Committees not exceeding two as may be necessary from time to time. The Board may constitute such
other subject matter committees as and when required.
-
To fix up the rate of annual subscription for member banks and annual
contributions payable by the member State Cooperative Banks and other cooperative banks
participating in the All India Mutual Arrangement Scheme and also fix up additional contributions for member
banks as and when considered.
-
To frame rules regarding travelling and halting allowance payable to
the Chairman, Chief Executive and Coopted Directors from out of the funds of the Federation.
-
To frame regulations regarding scales of pay and allowances of the
various categories of the posts, recruitment, appointment, probation, promotions, staff
conduct
and discipline rules, staff travelling rules, staff gratuity and provident fund rules, etc. for the paid
staff of the Federation.
-
To delegate any or all its powers to the Chairman and Executive
Committee, other Committees or Sub-Committees duly appointed.
-
To acquire membership of cooperative institutions at National and
International levels.
-
To appoint Editor/s for the Federation’s journal/publications.
-
To select representatives/candidates from among the members of the
Board for participation in the international conferences/seminars, workshops, study tours, training
courses held abroad. The cost shall be borne by the member bank which is represented by the person so
selected. However, in the case of the Chairman of the Federation getting invitation in his capacity as
Chairman, the cost will be borne by the Federation.
-
To consider and finalise the terms and conditions of collaboration
with cooperatives
and others in India and abroad.
-
Nil.
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To acquire or dispose of immoveable property.
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To
do all such acts, and take such steps as are incidental or conducive to
the attainment of the objectives of the Federation.
The
Chief Executive shall convene the meetings of Board at the instance of the
Chairman. In the event of the resignation by the Chairman of the Federation,
the Chief Executive
shall convene the meeting of the Board.
The
Board shall meet at least once in every quarter provided that the number of
meetings shall not ordinarily exceed six in a year. The meetings of the Board
shall ordinarily be held at the registered office of the Federation. However,
Chairman may decide to hold meetings anywhere in the country.
One
third of the members of the Board or seven whichever is less shall form the
quorum. The notice period for a Board Meeting shall not be less than 14 days.
