Amendment status not verified — confirm the current text below against the official source.
Annual General Meeting.- (1) Board of every Co-operative Society shall convene Annual General Meeting within six months from the closure of every financial year, which shall deal with all or any of the matter listed below except those in relation to the election of members and Office-bearer of the Board:- (a) Consideration of the Annual Statement of Accounts presented by the Board for being filed before the Registrar, (b) consideration of Annual Report presented by the Board, (c) appointment and removal of Statutory Auditors and Internal Auditors, (d) consideration of the auditor’s report and audited Statement of Accounts for being filed with the Registrar, (e) consideration of audit/special audit compliance report, (f) report on action taken on inquiry report, if any, (g) disposal of net surplus, (h) review of operational deficit, if any, (i) approval of the long term perspective plan and the annual operational plan, (j) approval of the annual budget, (k) creation of specific reserves and other funds, (l) review of actual utilization of reserve and other funds, (m) report on membership of the Co-operative Society in other Co-operative Societies, (n) appeal of a person whose application for membership has been rejected or whose membership has been terminated by the Board, (o) remuneration payable to any Director, Auditor or Internal Auditor in connection with his duties in that capacity or his attendance at related meeting, (p) membership of the Co-operative Society in Union/Federation, (q) collaboration with other organisation, (r) amendment of Bye-laws, (s) formulation of code of conduct for the Directors and Office-bearers, (t) note on admission and termination of membership of the members, (u) dissolution of the Co-operative Society, (v) such other functions specified in the Bye-laws. (2) In accordance with the provisions for the works specified, under sub-section (1), the Annual General Meeting of the Co-operative Society shall be held at a time, date and place notified in accordance with the Bye-laws and if a quorum is present, the Chairman of the Co-operative Society shall preside the meeting; 14 बहार गजट (असाधारण), 22 मई 2013 Provided that in the absence of Chairman, Vice-Chairman, or in the absence of both Chairman and Vice-Chairman, a person elected by the members from among themselves shall preside the meeting: Provided further that in case of a Society where the Managing Committee has either been superseded under the provision of the Act, the Administrator shall be the Chairman of the General Meeting and in his absence a person nominated by him shall be the Chairman of the meeting. (3) The person presiding at the meeting shall conduct the proceedings in such manner as may be conducive to expeditious and satisfactory disposal of business and shall decide all points of order at the meeting. (4) The quorum for a General Meeting shall be one fifth of the total membership of the Society on the date of issue of the notice of the meeting. (5) If within an hour of the time scheduled appointed for the meeting the quorum is not present, the meeting shall stand adjourned to a date not earlier than seven days and not later than twenty- one days. (6) No quorum shall be necessary for an adjourned meeting. (7) All questions before a General Meeting shall be decided by a majority of votes and in the event of equality of votes, the Chairman of the meeting shall have a casting vote. (8) Voting by proxy shall not be allowed, but the Registrar may permit this to be done in the case of any particular Registered Society or class of registered societies. (9) Voting at a General Meeting shall be done by show of hands and only in exceptional case voting by ballot may be resorted to if the Registrar so directs, on his own motion, or on the application filed by the Society concerned. (10) The minutes of proceeding of General Meeting shall be recorded in a book to be kept for the purpose and the minutes shall be signed by the person presiding at the meeting. (11) An appeal shall lie to the Registrar on all matters relating to procedure followed at any General Meeting and his decision thereon shall be final.