Amendment status not verified — confirm the current text below against the official source.
(1) The general meeting of every co-operative society shall be held once at least in every co-operative year for the purpose of— (a) electing members of the managing committee, other than members nominated under section 28, and such other officers as may be provided in the by-laws; (b) approving the budget and the programme of activities of the society for the ensuing year prepared by the managing committee; (c) considering the audit report referred to in section 80, if received; (d) considering the report of inspection or of inquiry, if any, made under section 82 or section 84, as the case may be, and the annual statement of accounts in the prescribed form; (e) considering the cases of loans made to the members of the managing committee and their relatives, if any, and the cases of defaults, if any, in respect of such loans; and (f) considering any other matter which may be brought forward in accordance with the by-laws. (2) Such meeting shall be held not more than fifteen months after the date of the last preceding meeting held under sub-section (1). 166 The West Bengal Co-operative Societies Act, 1973. XXXVIII of 1973.] (Chapter 111.—Status and management of co-operative societies.—Section 22.) (3) On the failure of the managing committee of the society to call the general meeting within the aforesaid period of fifteen months, the Registrar shall call, or authorise any of his officers to call, a general meeting within a period of three months from the date of expiry of the aforesaid fifteen months, without prejudice to the penal measures, that may be taken under this Act against the members of the managing committee for not holding the general meeting within such period as required under sub-section (1) and sub-section (2). (4) Notwithstanding anything contained in sub-section (1), sub- section (2) and sub-section (3), the State Government may, in special circumstances, permit the Registrar to call the general meeting even after the expiry of 18 months, from the date of the last preceding meeting held under sub-section (1). (5) The managing committee of the co-operative society shall place before each general meeting, for the information of the general body of members, a statement disclosing therein— (a) loans, if any, sanctioned to members of such committee and their relatives during the preceding year, (b) up to date total amount of pending loans, if any, payable by the members of such committee and their relatives to such society, and (c) details of defaults in payment, if any, made by such members and relatives in respect of the loans referred to in clause (b), and the members present at such general meeting may direct such action, as may be deemed necessary in the interest of such society, for recovery of the aforesaid loans, if any, from such members and relatives. (6) If the audit report referred to in clause (c) of sub-section (1) is not received before the general meeting, the same may be considered at a special general meeting to be held within three months from the date of receipt of the audit report.