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 Cooperative Society shall vest in its general body. (2) Where a Cooperative Society so desires, its bye-laws may provide for a representative general body drawn from the members to be constituted in such a manner and with such functions as specified in the bye-laws: Provided that the representative general body shall not have the right to amend the bye-laws of the Cooperative Society except those in relation to which the bye-laws have delegated the power of amendment to the representative general body. (3) Subject to the provisions of this Act, and of the bye-laws the following matters shall be dealt with by the general body (a) election of directors of the board, (b) removal of directors of the board and filling up of vacancies, (c) consideration of the annual report presented by the board for being filed with the Registrar, (d) appointment and removal of statutory auditors and internal auditors, ( e) consideration of the auditor's report and audited statement of accounts for being filed with the Registrar, (f) consideration of audit/special audit compliance report, (g) report on action taken on inquiry report under section 36, if any, (h) disposal of net surplus, (i) review of operational deficit, if any, (j) approval of the long term perspective plan and the annual operational plan, (k) approval of the annual budget, (I) creation of specific reserves and other funds, (m) review of actual utilisation of reserve and other funds, (n) report on membership of the Cooperative Society in other Cooperative Societies, (o) review of annual report and accounts of any subsidiary organisation, 18/42 (p) appeal of a person whose application for membership has been rejected, or whose membership has been terminated by the board, (q) appointment, reconstitution and disbanding of the representative General Body, (r) remuneration payable to any Director or internal auditor in connection with his duties in that capacity or his attendance at related meetings, (s) membership of the Cooperative Society in Union/federation, (t) collaboration with other organisation, (u) amendment of bye-law, (v) formulation of code of conduct for the Directors and office-bearers, (w) note of admission and termination of members, (x) dissolution of the Cooperative Society, (y) such other functions specified in the bye-laws.