Annual general meeting.

Corporate1989184 sections

Statutory text

(1) A general meeting of every Cooperative Society shall be held once in a year for the purpose of
- (a) approval of the programme of the activities of the Society prepared by the Committee for the ensuing year ;
- (b) election, if any, in the prescribed manner of the members of the Committee, other than nominated members ;
- (c) consideration of the audit report and the annual report ;
- (d) disposal of the net profits ; and
- (e) consideration of any matter which may be brought forward in accordance with the bye-laws.
(2) At every annual general meeting of a Society, the Committee shall lay before the general body of the Society balance sheet, profit and loss account/ statement showing details, statement showing list of defaulters and informations regarding embezzlements and the persons or members involved in such embezzlements.

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