The qualifications for the appointment of a Manager, Secretary, Appoint

(1) The qualifications for the appointment of a Manager, Secretary, Accountant or any other officer of a society shall be such as may from time to time, be prescribed. (2) The State Govt may nominate a Government servant not below the rank of class-II officer to work as Managing Director/General Manager/Manager as the case may be of a Co-operative Institution wherein the State Government have contributed to its share capital, guaranteed loans to the tune of Rs. 3 lakhs (Rupees three lakhs) or above or if the society has incurred loss to the extent of 25 p.c. of its paid up capital. The officer so nominated shall be deemed to be on deputation with the society and his salary and allowance as determined by the State Government shall be paid from the fund of the society. The officer so deputed shall be the ex-officio member of the Board and shall have the right to vote. The officer shall be the Chief Executive Officer of the society and have the following assignments; amongst others:— (a) To have general control over the administration of the society. (b) To convene meetings of the management Board and General Body. (c) To receive all moneys and securities on behalf of the society and to make arrangements for the proper maintenance and custody of cash balance and other properties of the institution. (d) To endorse and transfer promissory notes, Government securities and to endorse, sign and negotiate cheque and other negotiable instruments on behalf of the institution. (e) To be responsible for the conduct, supervision and management of the day to day business and transaction of the society. (f) To sign all deposits, receipts and operate the accounts of the society with banks. (g) To sign bonds, and agreement in favour of the society. (h) To determine the powers, duties and responsibilities of the employees of the society. (i) To institute, conduct, defend compound or abandon any suit or other legal proceedings by or against the society or otherwise concerning the affairs of the society and also to compound and allow time for payment or satisfaction of any claims or demand by or against the society: (j) Subject to the regulations if any, Which may be framed by the Board to enter into negotiations and Sanction contracts the value of Which may be determined by the Board from time to time, (k) To delegate all or any of the said powers to an employee or employees of the society subject to the ultimate control and authority being retained by him. (3) The Registrar may constitute a common cadre authority/Society or maintaining cadres of personnel for employment as Secretaries/Managers/other paid-employees of the Co-operative Institutions,