Amendment status not verified — confirm the current text below against the official source.
(1) Every co-operative society shall hold at least once in every co- operative year a general meeting to be called the annual general meeting for— (a) election, if any, in the prescribed manner, of the directors of the board: Provided that if in a general meeting in which the election cannot be held owing to an order of any court or for any other reason or if the directors of the board elected in such general meeting cannot function owing to an order of any court, the Registrar may constitute a board of directors from amongst the members of the co-operative society in conformity with sub-section (1) and sub-section (2) of section 27 and such board shall function till the directors of the board elected under this section assume charge; (b) consideration and record of the proceedings of the last annual general meeting; (c) approval of the budget and the programme of activities of the co-operative society for the following co-operative year prepared by the board; (d) consideration of the audit report referred to in section 91; (e) consideration of any report of inspection or enquiry made in accordance with the provisions of this Act or the rules; 328 The West Bengal Co-operative Societies Act, 1983. XLV of 1983.] (Chapter 1V.—Status and management of co-operative societies.—Section 26.) (f) (i) consideration of matters relating to loans and advances made to the directors of the board and their relatives and actions to be taken for recovery thereof; (ii) approval of appointments, if any, of the relatives of the directors of the board; (g) distribution of net profits, if any; (h) consideration of any other matter which may be brought at the meeting in accordance with the rules and the by-laws. (2) If the audit report for the immediately preceding co-operative year is not ready before the date fixed for the annual general meeting, the co- operative society shall hold a special general meeting for considering the said audit report within three months from the date of receipt thereof or shall consider it in the next annual general meeting, if such meeting is due within the said period of three months. (3) On the failure of the board to call the general meeting within fifteen months of the commencement of a co-operative year, 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 directors of the boad for not holding the genral 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 eighteen months from the date of the last preceding meeting held under sub-section (1).