Amendment status not verified — confirm the current text below against the official source.
General Body - (1) Subject to the provisions of this Act and the bye-laws, the ultimate authority of a Co-operative Society shall vest on its general body: Provided that where, because of spread of number of members, a Co- operative Society feels the need for constituting a Representative General body for more effective decision making, it may constitute a Representative General body in such manner and with such functions as may be specified in the bye- laws. (2) The following matters, among others specified in the bye-laws shall be dealt with by the general body of a Co-operative Society, namely:- (a) amendments to bye-laws; (b) election and removal of Directors; (c) consideration of,- (1) the long term perspective plan and budget; (2) the normal operational plan and budget; (3) the annual report of activities for being filed with the Registrar; (4) the auditor's report and the annual audited statement of accounts for being filed with the Registrar; (5) special audit report or inquiry report, if any; (6) compliance report relating to audit, special audit and/or inquiry, if any; (d) approval of appointment and removal of auditors; (e) disposal of surplus; (f) management of deficit; (g) creation of specific reserves and other funds; (h) review of actual utilisation of reserves and other funds; (i) review of the Chief executive’s report of the attendance at meeting by Directors and review of the business done with the Co-operative Society by the Directors; (j) appointment, reconstitution and disbanding on the Representative General body; (k) remuneration payable to any Director or internal auditor in connection with his duties in that capacity or his attendance at related meetings; (l) membership of the Co-operative Society in federation; (m) collaboration with other organisation and its review; (n) promotion of subsidiary organisations and review; (o) dissolution of the Co-operative Society; and (p) all other functions expected of the general body under the other provisions of this Act.