Amendment status not verified — confirm the current text below against the official source.
General meetings.- (1) (a) Subject to the provisions of this Act, the rules and the by-laws, the ultimate authority of a registered society shall vest in the general body of its members: Provided that nothing contained in this clause shall affect the exercise by the committee or any officer of a registered society of any power conferred on such committee or such officer by this Act or the rules or the by-laws. 63 (b) Notwithstanding anything contained in clause (a) where the area of operations of a registered society is not less than such area as maybe prescribed, or where the registered society consists of not less than such number of members as may be prescribed, the registered society may, and if so directed by the Registrar shall, provide by an amendment of its by-laws for the constitution of a smaller body consisting of such number of the members of the registered society as may be prescribed, elected in accordance with the rules (hereinafter referred to as the representative general body) to exercise all or any of the powers of the general body as may be specified in the by-laws and any reference, by whatever form of words, in this Act to the general body or a meeting thereof shall, where a representative general body has been constituted under this clause, have effect in respect of the powers exercisable by the representative general body as if such reference were a reference to the representative general body or a meeting thereof, as the case may be: Provided that the representative general body shall not alter any provision in the by-laws relating to its constitution or powers. (c) The exercise of any power by the representative general body shall be subject to such restrictions and conditions as may be prescribed by the rules or the by-laws. (2) (a) A general meeting of a registered society shall be held once in a year for the purpose of- (i) approval of the budget for the ensuing year with reference to the programmed of the activities of the society prepared by the Committee; (ii) consideration of the audit report and the annual report; (iii) disposal of the net profits; (iv) reviewing the loans given to the members of the committee and their near relatives and directing action for recovery of dues in case of default; (v) consideration of any other matters which may be brought forward in accordance with the provisions of the Act or by-laws of the society. (b) The Registrar or any other person deputed by him shall have the right to attend the committee or general body meeting of any society. (3) (a) The committee may, at any time, call a special general meeting of the registered society, and shall call such a meeting within one month of the date of a requisition in that behalf from- (i) such number of the members or proportion of the total number of members as may be specified in the by-laws; or (ii) the Committee of the financing bank to which the society is affiliated; or (iii) any other registered society of such class as may be prescribed for the purpose; or (iv) the Registrar. 64 (b) The requisition referred to in clause (a) shall be in writing and shall specify the subjects that shall be placed for consideration at the special general meeting. (4) (a) If the committee refuses or fails to call a meeting in accordance with a requisition under clause (a) of sub-section (3), or if, in the opinion of the Registrar, there is no committee or officer competent under this Act or the rules or the by-laws to call a meeting, or if there be a dispute regarding the competence of the committee to function, the Registrar may call the meeting himself. (b) (i) If, at a special general meeting of the registered society called in pursuance of such requisition or by the Registrar himself under clause (a) of this sub- section the quorum is not present, the meeting shall stand adjourned to such other day and at such other time as the committee or the Registrar as the case may be, may determine. (ii) If, at the adjourned meeting also, a quorum is not present for holding the meeting, the members present shall be the quorum. (iii) In respect of any meeting called under clause (a) of this sub- section, the Registrar may, notwithstanding anything contained in the by-laws of the society, determine the period of notice for such meeting, the time and place of the meeting and the subjects to be considered thereat and may preside over such meeting or authorise any person to so preside. (5) The Registrar may order that the expenses incurred in calling the special general meeting shall be paid out of the funds of the society or any other registered society at whose instance such meeting was called or by such person as, in the opinion of the Registrar, was responsible for the refusal or failure to call the meeting under sub-section (4).