Amendment status not verified — confirm the current text below against the official source.
The liability of a past and of the estate of a deceased member for the debt of a registered society as they existed at the date of his ceasing to be a member or on his death, as the case may be, shall continue for a period of five year from the said date. GENERAL ASSEMBLY CHAPTER -IV MANAGEMENT 29(1) The General Assembly of a cooperative society shall consist of all the members of such cooperative society who are eligible to vote at the general meeting of the society. 384 THE ASSAM GAZETTE, EXTRAORDINARY, FEBRUARY 4, 2012 (2) (a) Every member of a registered society and every ex-officio member of the Administrative Council or managing body of such society, unless under some disqualification, shall have the right to attend any general meeting of the society and to exercise his vote at such meeting: Provided that the bye-laws of a registered society may prescribe- (i) that a registered society affiliated to such society may have more than one representative entitled to vote at general meetings of the society; and (ii) that only one third of the members of the General Assembly, excluding ex-officio members, may be individual members and the other two thirds being representatives of affiliated registered societies; MATTERS TO BE DEALT WITH IN THE ANNUAL GENARAL MEETING (b) if the number of individual members exceeds one third of the total membership of the society the individual members shall elect at a special meeting to be called by the Secretary of the society not more than thirty days before the Annual General Meeting in the manner prescribed in the bye-laws to represent in the Annual General Meeting, those individual members who, as the representative of the body of individual members shall form the one third membership of the General Assembly for the purpose of voting at the Annual and other meetings of the General Assembly during the ensuing year. Only such elected representatives shall have the right to attend and vote at such general meeting. (3) If the general body of a cooperative society decides that the size .area or types of its membership requires a representative body of delegates for more effective decision making, its bye-laws shall provide for a smaller body, called “delegate general body” elected from the members, in the annual general meeting in accordance with the bye-laws, to exercise such powers and to discharge such duties of the general body as may be specified in the bye-laws. (4) Subject to the provisions of this Act and the bye-laws ,the ultimate power of a cooperative society shall vest in the general body. The supreme authority shall however vest with the State Government or the Registrar of Cooperative Societies, as the case may be, during the pendency of any loan or service to the society from the Government. (5) Any power, function or responsibility, falling within the scope of a cooperative society as a corporate body, which has not been specifically entrusted by this Act or the bye-laws, to any authority of the cooperative society may be dealt with by the General Body or by the State Government during the pendency of any loan or services to the society from the Government. 30 (1) The following matters in addition to others as are considered necessary by the Board shall be dealt with by the Annual General Meeting, namely:- (a) election of the Directors or delegates if fallen due; THE ASSAM GAZETTE, EXTRA ORDINARY, FEBRUARY 4, 2012 385 (b) consideration of the long term plan and budget, when required; (c) consideration of the annual operational plan and budget for the current financial year; (d) consideration of the annual report of activities for the previous financial year including provisional financial statements of accounts if not audited; (e) consideration of the audited financial statements of accounts, and the auditor’s report relating to the previous financial year or years; (f) consideration of the report on deviations, if any from the approved budget relating to the previous financial year; (g) disposal of surplus, if any, of previous financial year; (h) management deficit, if any, of previous financial yeat; (i) creation of specific reserves and other funds; (j) review of actual utilisation of reserves and other funds; (k) review of the report on the attendance at meeting by Directors; (l) review of the use of the cooperative societies’ services by the directors; (m) appointment of internal auditor, fixation of remuneration paid to any Director or member of any committee or internal auditor in connection with his duties in that capacity or his attendance at concerned meetings; (n) review of quantum and percentage of service provided to non members vis-a-vis services provided to the members; (o) report of activities and accounts related to education of member and Director and staff training; (p) consideration of any other matter which may be brought before the meeting of the general body in accordance with the bye-laws; (q) expulsion of members; (r) disposal of appeals; (s) formulation of code of conduct for the members of Board of Directors and officers appointed by the Board; (2) The following matters among such other matters as considered necessary by the Board or which are specifically assigned to the general body_under any other provision of this Act may be dealt with by the general body at its annual or any general meeting, namely (a) amendments of bye-law§, (b) removal of Directors and election of new Director; (c) membership of the cooperative society in secondary cooperative society; (d) partnership with other cooperative societies; (e) amalgamation, division, merger, transfer of assets and liabilities; (f) dissolution of the cooperative society; (g) consideration of the Registrar's report of inquiry and action taken thereon or reasons for the non completion of the inquiry; 386 THE ASSAM GAZETTE, EXTRAORDINARY, FEBRUARY 4, 2012 (3) If the bye-laws of the cooperative society provide for election of one or more Directors on territorial basis, such Director shall be elected from the areas, in a meeting of the members of that area in accordance with the provision of the bye-laws on a date prior to that of annual general meeting. The result thereof shall be affixed on the notice board of the head office of the cooperative society and also at the place of the annual general meeting prior to the commencement of the proceedings of the annual general meeting. (4) All Directors shall cease to be Directors on the date of the Annual General Meeting, if the annual financial statement of accounts and annual report of activities for the previous financial year were willfully not prepared before 15 days of the Annual General Meeting for inspection of the members or for placing before the Annual a -x General Meeting. TERM OF THE BOARD