(1) The final authority in a co-operative society shall vest in the general body of the members :
Provided that where the bye-laws of a co-operative society provide for the constitution of smaller body consisting of delegates of members of the society elected or selected in accordance with such byelaws, the smaller body shall exercise such power of general body as may be prescribed or as may be specified in the bye-laws of the society.
(2) Notwithstanding anything contained in section 21, each delegate shall have one vote in the affairs of the society.
(3) A general meeting of a co-operative society shall be held *[within a period of six months of close of the financial year] for the purpose of – * Section 25 In sub section (3), substituting words ―once in a year‖ with words ―within a period of six months of close of the financial year‖ by Act No. 10 of 2013.
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(a) approval of the programme of the activities of the society prepared by the committee for the ensuing year;
(b) consideration of the audit report and the annual report;
*(c) review of the performance of the preceeding year;
*(d) review of the state of affairs of the society including list of defaulters along with amount of default;
*(e) creation of specific reserves and other funds and utilization thereof;
*(f) consideration of list of employees who are relatives of office bearers of the society;
*(g) conduct of election of the managing committee, when due;
*(h) amendment of bye-laws;
*(ha) appointment of auditor or auditing firm from the panel prepared by the State Government or authority authorised by the State Government;‖.
*(i) consideration of any other matter in accordance with bye-laws:
Provided that nothing in this sub-section shall affect any powers conferred on a committee or any office bearer of a society under the rules or the bye-laws framed under this Act.