(I) The Registrar, Cooperative Societies, Punjab, Chandigarh or his Nominee not below the rank of Addl. RCS.
(II) The Managing Director or his nominee of each member Apex Cooperative Institution only.
(iii) The Registrar, Cooperative Societies, Punjab Shall be the Chairman of the Governing Board ( Ex-officio)
(iv) The Managing Director of the PICT (Member Secretary).
(v) Two co-opted Directors having experience or specialization in any Field relating to the objects of the Institute.
Powers and duties of the Governing Board 7
13. The Governing Board shall have the following powers and duties;- I) To manage, frame rules, guide and supervise the affairs of PICT.
ii) To constitute any sub-committee for any specific job or purpose.
Provided that the number of such sub-committees shall not exceeding three at any time, and once that job is carried out or purpose is achieved the said sub-committee shall stand dissolved.
iii) To decide to train the employees of various Cooperative Institutions on receipt of contribution to be determined from time to time by the Registrar, Cooperative Societies, Punjab.
iv) To admit new members and include/exclude members of the Governing Board of the PICT.
v) To approve the budget of the PICT.
vi) To Institute, conduct, defend or compromise any legal proceedings by or against the Punjab Institute of Cooperative Training and delegate powers in this regard to any officer/official of the PICT.
vii) To control the finances of the PICT and to make modification under different heads and subheads within overall annual budget provisions.
viii) To fix charges for the facilities provided by the PICT.
ix) To make necessary arrangements (i.e. hiring of accommodation, purchasing of furniture and other equipments) for the training institute and to delegate powers in this respect to the Managing Director of the PICT.
x) To approve the appointment of managing Director and other Staff taken on deputation from the cooperative Department and other Apex Institutions.
xi) To exercise administrative control over the staff working in the PICT and to delegate powers in this respect to the Managing Director of the PICT.
xii) To delegate any of its powers to the Managing Director of the PICT subject to the rules as may be framed by it.
xiii) To co-opt Directors having experience or specialization in any field relating to the objects of the Institute. Provided that the number of such co-opted Directors of the Governing Board shall not exceed two in addition to existing Directors Meeting of the Governing Board.
14. The Governing Board shall meet at least once in a quarter or as often as may be necessary. At least 15 days notice of the meeting 8 specifying date, time, place and agenda shall be given to the members before a meeting is held. One third of members of the Governing Board shall form the quorum for the meeting. A meeting of the Governing Board shall be convened by the Managing Director, PICT.
Chairman
15. Registrar Cooperative Societies, Punjab (RCS) shall be the Chairman of the PICT and will preside over the meetings of the General Body and Governing board. In his absence, his nominee (not below the rank of the Additional Registrar, Cooperative Societies, will preside over such meetings.
Managing Director
16. The Managing Director shall be the Chief Executive Officer of the PICT who shall be appointed by the Government under the provisions of the Act and shall not be below the rank of Joint Registrar, Cooperative Societies. The Managing Director shall have all the powers & duties to run the affairs of the PICT in accordance with the policies and programmes framed by the Governing Board. In particular managing Director shall have the following powers & duties.
i) To supervise & control the working of the employees of the PICT.
ii) To open the account of PICT in the Punjab State Cooperative Bank Ltd. Chandigarh and its Branches and to delegate powers for its operation to any officer/official of the PICT.
iii) To incur expenditure to any extent within overall annual budget provisions and to delegate powers in this respect to any officer/official of the PICT.
iv) To maintain proper account of all money including the Government grants received and spent and all stocks which were purchased and sold.
v) To summon and attend meeting of the General body, Governing Board or sub-committee.
vi) To incur contingent expenditure within the limit fixed by the Governing board.
vii) To arrange for verification of stocks once in every year and also arrange for the safe custody of the stock of the PICT.
viii) To sign on behalf of the PICT & conduct its correspondence and to certify copies of entries in the books of the PICT.
ix) To keep the true account of the liabilities, and assets of the PICT, x) To execute the training programmes and other schemes formulated by the PICT from time to time.
xi) To appoint, suspend, remove, reinstate, dismiss or punish employees of the PICT or otherwise deal with them in accordance with the service rules of the PICT.
xii) To create and fill regular/temporary/casual posts provided approval to this effect is taken from the Governing board in the next meeting.
9 xiii) To institute, conduct, defend, compromise, refer to arbitration or abandon legal proceedings engage counsel and sign power of Attorney on behalf of the PICT.
xiv) To hire or take on lease or otherwise, any building or other property on rent or lease for the PICT or for accommodation of the trainees and enter into agreement with any land lord or owner of such building or property.
xv) To determine powers, duties and responsibilities of the employees of the PICT.
xvi) The Managing Director may delegate any of his powers to any employee for effective and efficient working of the PICT.
Apportionment of Surplus Fund