Bare ActsThe ODISHA CO-OPERATIVE SOCIETIES ACT, 1962

Section 8

Inserted by Orissa Act 1 of 2013, dated 30

Amendment status not verified — confirm the current text below against the official source.

Inserted by Orissa Act 1 of 2013, dated 30.01.2013. (2) Subject to the provisions of this Act, Rules and the Bye-laws, the following matters shall be dealt with by the General Body:– (a) approval of the programme of activities of the Society and Annual and Supplementary budgets; (b) review of the programme for the year and its implementation; (c) matters concerning the election of office-bearers; (d) review of loans advanced to office-bearers and their near rela- tives or family members and direction for recovery of such loans; (e) consideration of reports of Audit, Inspection and Inquiry, Annual Reports including the Annual Report of the Auditor-General, and directives of the Government, if any, action taken by the Commit- tee thereon; (f) review of the Reports of the Committee, Sub-Committees and the Chief Executive; (g) creation of Reserve and other Funds and review of utilisation thereof; (h) disposal of the net profits and review thereof; (i) review of the operational deficits, if any, and allocation of liability on members in proportion to their transactions; (j) membership of the Society in other Societies, partnership with other Societies and review of reports and accounts in respect of such partnership, if any; (k) promotion of Subsidiary Organisations and review of Annual Re- ports and Accounts of Subsidiary Organisations, if any; (l) amendments of the bye-laws; (m) formulation of Code of Conduct for the members, office bearers, Officers and other employees of the Society; (n) liquidation of the Society; (o) acquisition of property and disposal, in the manner prescribed of its property; (p) fixation of remuneration and other facilities to be allowed to the office bearers in connection with duties performed and meetings attended in their capacity as such; (2) The office bearers of the Committee dissolved under Sub-Section (1) shall not be eligible for being chosen as office bearer of any Society until expiry of a period of two years from the date of such dissolution.]

Section 8 – The ODISHA CO-OPERATIVE SOCIETIES ACT, 1962 | DailyLaw.ai