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on the committee of a society under sub -section (2) of Section 52 shall hold office t i ll such nomination is withdrawn.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 society as may be required by the Regi strar or the State Government;
45 (j ) subject to the provisions of bye -laws to determine the powers, duties and responsibil i t ies of the employees of the society;
(k) to communicate decisions and to issue suitable directions or orders in compliance of the decisions of the committee or any other competent authority, as the case may be;
( l) to exercise such powers in respect of the employees of the society or the cadre employees as may be laid down in the service rules framed by the Registrar under Section 55 (1) or Section 54 (2) of the Act;
(m) such powers and duties as are specified by or under the bye -laws of the society;
(n) to delegate, subject to approval of Registrar, al l or any of the powers and functions vested in him to any employe e or employees of the society.
49-B. Procedure of appointment of Managing Director and Ch ief Executive Off icer. -The Managing Director and Chief Executive Officer of the Apex Society under Section 49-E of the Act shall be appointed on the recommendation of a Selection Committee consist ing of, -
(a) Agriculture Production Commissioner Chairman
(b) Chairman of the concerned Apex Society Member
(c) One Director of concerned Apex Society to be Member nominated by the Board of the Apex Society.
(d) Registrar, Co-operative Societies, Madhya Pradesh Member Secretary.
(2) Administrative Department of Apex Society shall make a reference to the Chairman of the Selection Committee for selection of the Managing Director and Chief Executive Officer.
(3) The Chairman of the Committee on receipt of the reference shall f ix the date of the meeting of the Selection Committee.
(4) The Board of the concerned Apex Society shall send the name of one nominated Director to the Member Secretary of the Selection Committee 15 days before the meet ing in writ ing.
(5) Notice of the meet ing of the Selection Committee shall be issued by the Member Secretary of the Committee at least seven days before the meeting.
(6) The quorum of the meeting shall be at least 3 Members out of which the presence of the Chairman of the Selection Committee shall be compulsory.
46
(7) The Member Secretary as the case may be shall submit a panel of names before the Selection Committee in consultation with the General Administration Department of the Administrative Departmen t of the concerned Apex Society and submit i t to the committee.
(8) In case where the recommendation of the Committee is not unanimous, the decision of the Government shall be final .
(9) After the selection, the Member -Secretary shall inform the State Government in the Administrative Department or the General Administration Department, as the case may be .
47
CHAPTER VI AUDIT, INQUIRY, INSPECTION AND SUPERVISION