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(i) Election, suspension and removal of the elected members of the Board of Directors.
(ii) Consideration of the annual reports of the Federation, its audited balance sheet and profit and loss accounts and its inspection notes;
(iii) Disposal of profits.
(iv) Fixing of maximum credit limit of the Federation consistent with these Byelaws, subject to the approval of the Registrar;
(v) Amendment of Bye-laws;
(vi) Expulsion of the members;
(vii) To lay down the plan of activities for the next year;
(viii) To delegate to the Board of Directors and other office bearers of the Federation such powers as may be necessary for conducting the day to day business of the Federation.
(ix) To nominate persons to enter into legal agreement and to issue and draw cheques and other negotiable instruments for and on behalf of the Federation;
(x) To lay down the principles, rules and procedure for the distribution of the subsidies sanctioned by the Government;
(xi) Transaction of any other business with the permission of the Chairman of the general body.
26. All business discussed or decided in a general meeting shall be recorded in a proceeding book which shall be signed by the Chairman of the meeting.
BOARD OF DIRECTORS
27. The Board of Directors of the Federation shall be constituted in the following manner;
(i) The Registrar, Cooperative Societies, Punjab or his nominee.
(ii) Seven Directors to be elected by the general meeting out of the members Unions.
(iii) Two Directors to be co-opted by the Board of Directors out of such individual who are interested in promoting Labour Cooperative movement, subject to the approval of Registrar, Cooperative Societies.
(iv) Deleted
(v) Three nominee of the Government if Government is share holder.