(a) Fixing the maximum credit limit of the co-operative society as well as members;
(b) Fixing the rate of interest including penal interest on loan advance to its members;
(c) Approval of the various welfare schemes for the benefits of the members and their family;
(d) Prepare education and training programme for its members;
(e) Prepare business rules for the co-operative society;
(f) Any other matter referred by the committee;
(g) To write off debt of members/ deceased members out of bad debt fund maintained by the co-operative society;
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(h) To frame code of conduct for its members and the committee;
Provided that in case of cooperative banks, all such power shall be exercised by the Board of Directors of the bank in accordance with their byelaws, directives and instructions of Reserve Bank India / National Bank for Agriculture and Rural Development.
50. Voting in general body meeting.
(1) A resolution which is put to the vote of a general body meeting shall be decided by a show of hand unless the poll is demanded by at least one third of the members present in the meeting. If no poll is demanded, a declaration by the presiding officer in such meeting that a resolution has been carried or lost and an entry to that effect in the minutes of the meetings shall, for the purposes of the Act, be conclusive proof of the fact that such resolution has been duly carried or lost but shall not be proof of the number or proportion of the votes recorded in favour of or against such resolution.
(2) If a poll is demanded by one third of the members present in the meeting, the voting shall be arranged by the presiding officer in the same meeting on the same day through secret ballot after adjourning the meeting, if required.
(3) If the poll is taken, the number of members voting for or against a resolution shall be recorded in the minutes of the meeting.
51. Length and service of notice for calling general body meeting.
(1.) Annual general body meeting of a co-operative society may be called by giving not less than fifteen days notice in writing.
(2.) Special general body meeting of a co-operative society may be called by giving not less than seven days notice in writing.
(3.) Notwithstanding anything contained in the bye-laws, if a general meeting is called un