section 68
Powers and functions of Committee
The Dadra and Nagar Haveli and Daman and Diu Co-Operative Societies Regulation, 2024Corporate2024155 sections12 chapters
Chapter VII MANAGEMENT OF SOCIETIES
Statutory text
- (1) The Committee may exercise all such powers as may be necessary or expedient for the purpose of carrying out its functions under this Regulation.
- (2) Without prejudice to the generality of the foregoing powers, such powers shall include the following, namely:––
- (a) to admit members;
- (b) to interpret the organisational objectives and set up specific goals to be achieved towards these objectives;
- (c) to make periodic appraisal of operations;
- (d) to appoint and remove Chief Executive Officer and such other employees of the society as are not required to be appointed by the Chief Executive Officer: Provided that the Committee shall frame fair and transparent policy for recruitment of Chief Executive Officer or any other employee;
- (e) to make provisions for regulating the appointment of employees of the society and the scales of pay, allowances and other conditions of service of, including disciplinary action against such employees;
- (f) to place the annual report, annual financial statements, annual plan and budget for the approval of the general body;
- (g) to consider audit and compliance report and place the same before the general body;
- (h) to acquire or dispose of immovable property;
- (i) to review membership in other co-operative society;
- (j) to approve annual and supplementary budget;
- (k) to raise funds;
- (l) to sanction loans to the members and determine the security to be taken;
- (m) to take measures relating to the recovery of loans; and
- (n) to take such other measures or to do such other acts as may be prescribed or required under this Regulation, rules or the bye-laws or as may be delegated by the general body of the society.
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