Amendment status not verified — confirm the current text below against the official source.
Powers to decide the policies of the Federation shall rest with the Board. The Board of Directors shall have and exercise all such powers and enter into all such agreements, make all such arrangement, take all such proceedings and do all such acts and things, as may be necessary or proper for the due management of the Federation and for carrying out the objectives for which the Federation is established and for securing and furthering to interest subject to the provisions of the Act or such Act as shall hereafter take its place, and to any Rules which may be passed by the State Government in pursuance of the said Act and subject also to these bye-laws and/or any bye-laws which may be duly made by the Federation, without prejudice to the general powers conferred by these bye-laws, the following powers and authorities are given to and conferred upon the Board. 26.1 To approve the proceeding of the previous meeting. 26.2 To purchase or take on lease or otherwise acquire land and/buildings and/or construct building (s) for value exceeding Rs. 1.00 Lakh. 26.3 To borrow funds required form time to time to carry on the business of the Federation in accordance with and subject to the provisions of these bye laws. 26.4 To apply to Government for exemption from holding the license required for undertaking processing of Dairy produce, to generate electricity for plants etc. 26.5 To apply for the license required under the Rules of the State. 26.6 To apply for outright purchase or otherwise by way of the license or otherwise, any patent right on investions, trade rights. Copy right of secret process of technical aid or know how which may be useful to achieve the objectives of Federation and to grant license to use the same. 26.7 To approve the recommendations of the Personal Committee Wherever required. In case Registrar’s approval necessary under the Act then the same will have to be obtained prior to implementation of the recommendations. 26.8 To create funds and trusts for the welfare of the employees or ex-employees of the Federation or dependents of such persons and to support the same. 26.9 To Institute, conduct, defent, compound or abandon any legal proceedings by or against the Federation or its officers or otherwise concerning the affairs of the Federation and also to allow time for payment or satisfaction of any debts due and to settele any claims and/or demands by or against the Federation by arbitration or otherwise. 26.10 To recommend to the General Body, expulsion of any member whose conduct in the opinion of the Board is detrimental to the interests of the Federation by 3/4 majority of the membership present at the meeting. 26.11 To admit members and allot shares and/or debentures. 26.12 To call upon the members to subscribe to share capital and/or debentures as prescribed in these bye-laws in proportion to their dealings in terms of unit, with the Federation. 26.13 To receive Audit Note and approve its Rectification Report for placing before the next General Meeting. 26.14 To approve the Annual Accounts, Annual Report and to recommend Distribution of profits earned by the Federation. 26.15 To fix the rate of service charges for procuring, manufacturing, Processing and marketing of raw-material and allied produce Through the Federation. 26.16 To decide pricing policy for the dairy and allied products supplied by the members. 26.17 To decide taking over the management of member union as when required and asked by the Registrar. 26.18 To ensure against the risk of all kinds for movable and immovable properties of the Federation. 26.19 To fix the charges for use of its trade mark and name. 26.20 To approve the purchase and erection of plant, machinery and other assets for the business of the Federation. 26.21 To approve sale of any land and any other movable properties if not required for the business of the Federation as per rules and byelaws. 26.22 To charge the fees for the services rendered by the Federation. 26.23 To review periodically and decide the conversion factor for expressing fat and SNF of dairy produce into on the recommendation of the Programming Committee. 26.24 To prepare Agenda for the General Meeting and fix the time, Place and date of meeting. There shall be no sub-committee from within or outside the Board. 26.25 To ensure compliance, terms and conditions of agreement with the financing institution for loan and grant as mutually agreed upon.