29.1 The Managing Director of the Federation shall be appointed by the State Government in accordance with the provisions of the Act. He shall be the Chief Executive of the Federation and shall be responsible for sound and effective management of the Federation. The Board shall by resolution vest in such Managing Director the necessary powers over and above the powers given by these byelaws subject to such restrictions as it may determine.
29.2 The General powers, duties and responsibilities of the Managing Director shall be as under :-
29.2 (1) He shall have general control over the Administration, Management, Finance and Business of the Federation.
29.2 (2) He shall purchase or take on lease or acquire any land, building or properties not exceeding the value of rupees one lakh.
29.2 (3) He shall be the officer to sue or to be sued on behalf of the Federation and all bonds and agreements made in favour of the Federation shall be in his name.
29.2 (4) He shall have powers for and on behalf of the Federation to endorse, sign negotiations, cheques and other negotiable instruments. He shall also sign all deposit receipts and operate on the accounts of the Federation with any Bank.
29.2 (5) He shall suspend, award, punishment including dismissal from service to employees of the Federation.
29.2 (6) He shall allow credits to buyers within limits fixed by the Board from time to time.
29.2 (7) He shall undertake, import and export business for/on behalf of the Federation.
29.2 (8) He shall carry out negotiations with be Government and other Organization.
29.2 (9) He shall make necessary arrangement for transport and storage of dairy and allied produce.
29.2 (10) He shall arrange to ensure all properties of the Federation against risk of all kinds.
29.2 (11) He shall arrange to imaprt training to the staff members of Federation, Union and Societies.
29.2 (12) He shall enter into agreement or contracts for purchase, sales, lease of land, building required for the working of the Federation and to execute documents on behalf of the Federation and to represent it in all legal action instituted by or on behalf of the Federation.
29.2 (13) He shall arrange to maintain proper accounts of the Federation.
29.2 (14) He shall arrange to prepare the Annual Report, the Balance Sheet of the preceding financial year and budget of the Federation for the ensuing year for placing before the Board of Directors.
29.2 (15) He shall convene the meeting of the Board of Director as required under these Bye-Laws and General Meeting as and when directed by the Board or found necessary or on receipt of requisition from the requisite number of members or upon requisition from the Registrar.
29.2 (16) He shall arrange to supervise the member unions and the Societies of member Unions.
29.2 (17) He shall appoint consultants, experts and fix their remunerations.
29.2 (18) The Managing Director shall be authorised to delegate any powers conferred on him by these Bye-laws to any of the senior officers of the Federation.
29.2 (19) He shall within six months of the close of every financial year, file the following returns to the Registrar namely :-
(a) Annual report of its activities:
(b) Its audited statements of accounts:
(c) Plan for surplus disposal, as approved by the general body of the socity:
(d) List of amendments to the bye-laws of the co-operative society, if any:
(e) Declaration regarding date of holding of its general body meeting and conduct of elections, when due; and
(f) Such other information, as the Registrar may require, from time to time
29.2 (20) He shall send a written information in such manner, as may be prescribed, to the Election Authority to conduct election six months before the expiry of term of Board and also send information regarding casual vacancy immediately after accurrence, as per provision of the Act