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Section 15

The Assam Agricultural Farming Corporation Act, 1973State Act of Assam · Act 8 of 1973

(1) I f . a Dir ector oth er than an official nomin ated by the Sta te Government :—

(a) becomes subject to any disqualif icatio n me n­ tioned in Section 12; or

(b) is absen t witho ut leave of the Board for more than three consecutive meet ings thereof, his sea t shal l the reu pon become vacant .

(2) Any Direc tor elected unde r clause (b) of sub-sec tion

(1) of Section 12 may resign his office by giving notice thereo f in wri ting to the Board and on ’such resig natio n being acc ept ed shall be deem ed to have vac ate d his office.

9 Meeting of 16- (1) T he Bo ard sha ll mee t a t such tim es and shall Board , obs erve such rul es of proc ed ure in re ga rd to th e tra nsac tio ns of business at its me eti ng , as may be pre sc ri bed .

(2) A Dire ctor shall ha ve only one vo te in the me etin gs of th e Bo ard an d th e Cha irm an or in his absen ce the pe rso n ele cte d to th e Cha ir shall in th e ev en t of eq ua lity of votes on an y issue ha ve a casting vo te in ad di tio n to his vo te as a Dire ctor cum Ch ai rm an .

An nu al 17. (1) An an nu al ge ne ra l mee tin g of a Co rporati on Ge neral s [i a jJ he ld every ye ar in t he mon th of Fe br ua ry to tra ns ac t me eting , business as may be prescr ibed an d in pa rt ic ul ar to—■

(a) pass th e au di te d ac co un ts of th e Corpo ra tio n for • th e pre vio us fin an cial ye ar en ding on th e 31st De cembe r of th e pr ec ed ing ye ar ;

(b) ele ct fro m am on g th e ag ric ul tu ris ts mem bers per ­ sons to fill va ca nc ies caused am on g th e ele cte d Di rec tor s of th e Bo ard ; z

(c) pass th e bu dg et an d ap pr ov e th e pr og ramme of wo rk of th e Cor po ra tio n for th e y e a r .

(2) Notwith stan ding an ything co nt aine d in sub-s ect ion (1) , th e firs t an nu al ge ne ra l mee tin g of a Co rporat ion ma y be he ld ei th er in th e mon th of Fe br ua ry following th e registr at ion of th e Corpo ra tio n or the mon th of Fe br ua ry of the ne xt ye ar , as the Bo ard may decide ,

(3) The proc ed ure to be followed in an y an nu al gen eral meeting shall be as prescri bed .

Spe cia l 18. A Corpo ra tio n ma y ho ld a specia l ge ne ral meeting Gen eral t o con sid er such m at te rs an d in suc h m an ne r as pre scrib ed , meetin g. - 1 Vo tin g 19.i (1) In an y ge ner al mee tin g of a Cor po ra tio n, every Rights, mem be r of the Cor po ra tio n sh all ha ve such nu m be r of the vo tes, eq ui va le nt to th e nu m be r of or di na ry sh are he ld by th at m em be r .

(2) T he St at e Go ve rnmen t may no m in at e one or more represen ta tiv es , no t exceed ing five to at te nd an y ge ne ra l mee tin g of a Cor po ra tio n on its beha lf. T he nu m be r of vo tes he ld by ea ch such repres en ta tiv e in a ge ne ral meeting sha ll be de te rm ined by dividing th e to ta l nu m be r of or di na ry sha res he ld by th e State Go ve rnmen t by th e nu m be r of repre sen tat ive s no minated by it to at te nd the gene ral mee tin g .

(3) T he Cha irm an of an y ge ne ra l meeting shall have one casting, vot e, wh en ever eq ua l nu m be r of votes is eas t on an y issue, in ad di tio n to his vote.

r 10 Quorum, 20. No business sh all be tran sa cted a t an y Bo ard or Gen eral mee tin g unle ss a qu or um is presen t. The qu orum nec ess ary for th e tra ns ac tio n of bus iness at any me eting sh al l be on e- th ird of the to ta l nu m be r of me mb ers or the Di rectors, as the case may b e :

Prov ided an y mee tin g in wh ich no qu or um is presen t with in on e ho ur of .the tim e fixed for th e me eting , shall st an d ad jo ur ne d to th e sam e day in the ne xt wee k at the same tim e an d place an d in such ad jo ur ne d mee tin g the business may be tra ns ac ted even with ou t th e pre sen ce of a qu or um bu t subjec t to the conditions an d proc ed ure uas pre scr ibe d.

Use o f lan d and other prop erty . *o r as

Where this provision sits

ActThe Assam Agricultural Farming Corporation Act, 1973
Section15
JurisdictionState of Assam
StatusIn force as published by the source

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