A person nominated on the committee of a society under sub -section (2) of Section 52 shall hold office t i ll such nomination is withdrawn.
49-A Powers and duties of the Chief Executive Off icer of State aided society.-(1) The Chief Executive Officer of an Apex or Central Society appointed under clause (a) read with clause (c) of sub -section (1) or clause (b) of sub-section (2) of Section 49 -E shall perform duties and exercise powers given below, namely:-
(a) subject to the over all control and general superintendence of the committee to have general control over the administration of the society;
(b) to convene meetings of the committee and the general body in consultation with the President/Chairman;
(c) to receive all money and securit ies on behalf of the society and make arrangement for proper maintenance and custody of cash balances and other properties of the society;
(d) to endorse and transfer promissory notes, Government and othe r securit ies and endorse, sign and negotiate cheques and other negotiable instruments on behalf of the society;
(e) to sign all bonds and agreements in favour of the society;
(f) to be responsible for the general conduct, supervision and management of the day-to.-day business and affairs of the society;
(g) to sign all deposit receipts and operate the accounts of the society with banks;
(h) to insti tute, conduct, defend, compound or abandon any suit or other legal proceedings by or against the society o r otherwise concerning the affairs of the society and also to compound and allow time for payment or satisfaction of any claims or demand by or against the society in accordance with the decisions of the committee;
( i) to submit such information, reports and returns concerning the affairs of the soc