(1) A general meeting to be •termed the annual general meeting of the General Assembly of a registered society shall be held at least once in every Co-operative year for the purpose of—
(a) electing members to the Administrative Council, managing body and other committees of the society, the Chairman, Vice-Chairman, and other office bearers, as may be provided in the bye-laws, and fixing such fees, salaries or other -remuneration as prescribed in the bye-laws ; provided that the Government may mrescribe by rules the qualifications necessary for office-bearers and employees;
(b) electing an internal auditor or auditors, who shall not be members the Administrative Council or governing body, and fixing the remuneration;
(c) considering the annual report of the Administrative Council or, if there no Administrative Council, of the managing body, audit report and audited | ^annual accounts and balance sheets and reviewing the working of the society I during the preceding Co-operative year ;
(d) deciding how profits are to be distributed in accordance with the byes : laws ;
(e) passing the annual budget and approving the programme of work for I Bhe ensuing year ;
(f) fixing the maximum amount of liability to be incurred during the •ensuing year and the maximum rate of interest payable on deposits ; and
(g) considering such other business as may be placed before the meeting | Jn accordance with the bye-laws.
(2) Such meeting shall be held not more than fifteen months after the date a sof the last preceding meeting held under sub-section (1) and unless the Regis- ■ trar on special grounds extend the period, within three months of the receipt of the statutory annual audit report.
33. Special meeting of General Assembly.—(1) A Special Meeting of the | ’General Assembly shall be called— at the instance of the Administrative Council or if there be no Admi- Council of the managing body ;
at on or at of