(1) The general body of a self-supporting co-operative society shall consist of all the members of such socict y:
Provided that where the bye-laws of a sell-supporting co-operative society provide for constitution of a smaller body consisting of delegate members of such society, elected in accordance with the bye-laws, that smaller body shall exercise such powers of the general body, as may be specified in the byelaws of such society.
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(2) The management of vest with its general body.
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35. lThegeneral body of ) Functions and PPoiting cq apoer \ ec the MOVISIONS Of this ; er Vi " (« I Ad 1. | erform the folloy ing fun if neral heeds func tons and dinties namely (as clection and removaj of Directors consideration of the budget
(c) consideration of the annual report of activities, audited financial statements of accounts and the auditors” report relating to the previous financial year :
(d) consideration of the report on deviations if any, trom the approved budget relating to the previous financial year fe) disposal of surplus and management of deficit relating to previous financial year ;
(f} creation and utilization of reserve fund and other funds :
(8) review of the report on the attendance of the meetings of the Board attended by the Directors ;
fh) review of the use of the services rendered by the seltsupporting co-operative society ;
(i) review of the remuneration paid to any of the Director and internal auditor in connection with duties performed by him;
(i) review of the activities relating to education and training v ~ .
of members, Directors and staff of a self-supporting cooperative society ;
(k) appointment of auditors and fixing their remuneration | () consideration of making amendments of bye-laws - : “a ve li- ng Q
(m) consideration of membership of a scli-supporting « operative society ;
(n) collaboration, formation of subsidiary umts and partnershiy f ’ . apt » Aelics oi co with other self-supporting co Operative Societies a OFeanizations operative societies; or any other orgamzations | 100 PUNJAB GOVT GAZ. (EXTRA). NOV. 8, 2010 (KRTK 17, 1932 SAKA) — me rt sm . . . . . TTT /0) amalgamation, division, merger or transfer of asses ang liabilities and conversion of a self-supporting CO-0peratiy, society into another self-supporting co-operative socjet, ” ¢(p) dissolution of a self-supporting co-operative society :
(q) consideration of the Registrar’s report of inquiry; and
(r) cousideration of any other matter, which the Board may deem necessary to be considered by the general body, Meetings of the 36. (1) The Board may, at any time, call a meeting of the general general body of a A body of the self-supporting co-operative society :
operative society.
Provided that the annual meeting of the general body of the self: ) supporting co-operative society, shall be calied with in a period of one hundred twenty days after the close of the financial year to consider and approve all or any of the functions and duties mentioned in section 35.
(2) If the Board fails to hold an annual general meeting as provided under sub-section (1), the Registrar can hold such meeting either by himself or through an officer authorised by him and such meeting shall have the same effect as if, it was convened by the Board itself.
(3) The meeting of the general body shall be presided over by the resident of the self-supporting co-operative society. In case, the President is not present, the meeting shall be presided over by the Vice-President of the self- supporting co-operative society. In the absence of both the President and the Vice-President, the members present in the meeting shall choose one of the members to preside over the meeting.
(4) If the audited annual financial statement of accounts and annual report of activities of the self-supporting co-coperative society for the previous financial year are not sent to each member by the Board, alongwith the notice to attend the annual general meeting by registered post, all Directors of the Board shall cease to hold their offices on the date of the annual general meeting.
(5) After the registration of a self-supporting co-operative society, the first meeting of the general body of such society shall be held within a | period of six months from the date of its registration to transact the following business, namely :—
(a) approval of accounts rclating to expenses betore the registration of the self-supporting co-operative society ;
(hb) fixing the limit up to which, the funds may be raised by such society ; and PUNJAB GOVT GAZ. (EXTRA), Nov Co (KRTK 17,1932 sak) 00 1!
(c) any other matter which has specifionlie pm ————— 8 specifically been mentioned in the bye-| i ye-laws to be considered in such mecti ing, five per cent of the members eligible to vote or five hundred red me whichever is less.
mbers eligible