(a) toelectthe Chairman and the Vice-Chairman of the Board of Directors.
(b) toappoint the Managing Director and such other staff if considered necessary , of the Federation and to determine their conditions of service including qualifications, recruitment, emoluments, incentives, punishment, retirement etc. subject to the approval of the Registrar.
(c) togive directions to the Managing Director for convening a meeting of the general body of the Federation and to submit to the general meeting the Annual Report and Balance Sheet.
(d) to open branch offices at suitable centers and fix their jurisdiction and to appoint local committee, if necessary from amongst the shareholders for supervising the business and working of such branches, and to define the powers of such local committee.
(e) toframe subsidiary rules for regulating the business and working of the Federation consistent with the provisions of these Bye-laws.
(f) unless otherwise provided in these Bye-laws and service rules to delegate any of its powers and duties to the Managing Director, Addl. Managing Director and other officers consistent with the provisions of the Act, Rules and Bye-laws.
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(g) To appoint and authorize an elected Director or Managing Director Markfed to respresent the Federation the Managing Committee or General Body of another Co-operative Institution.
(h) generally to supervise all affairs of the Federation.
) to purchase shares of any other Co-operative Society or Institution.
()] to approve annual budget of the Federation.
(k) to institute, conduct, defend, compromise, refer to arbitration or abandon legal proceedings and claims by or against the Federation and to delegate and authorise this power to any other officer (s) of the Federation.
(I) togrant admission to new members and allot shares.
The Board may from time to time constitute its smaller Committee not more than two committees at a time for discharging or carrying out of a specific work and job or function with respect to the area connected and specified in Bye-laws providing powers of the Board of Directors of the Markfed subject to the provisions of the Act and Rules. Such committee shall consist of five members provided further that Managing Director of the Federation & Registrar & or his nominee on the Board shall be the member of such a smaller committee. In case of difference of opinion between the Managing Director/Registrar or his nominee & the remaining members of the committee, the matter shall be placed before the Board whose decision shall be final.
POWERS AND DUTIES OF THE CHAIRMAN
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