section 8
Section 8
The Punjab Self Supporting Cooperative Societies Act 2006(xii) the subjects, which may be dealt with by the general body and the delegate general body ; (xiii) the manner of convening the meetings of the general body and quorum required for meeting ; (xiv) the size and composition of the Board or the sub-committee, as the case may be ; (xv) the manner of conducting the election of the Board and filling up casual vacancies of the Board ; (xvi) the term of office and manner of removal of the Directors ; (xvii) the manner and frequency of convening the meetings of the Board and quorum required for a meeting ; (xviii) the powers and duties of the Board ; (xix) the powers and duties of the Chairperson of the Board ; (xx) the terms on which the self-supporting co-operative society may deal with a non-member ; (xxi) eligibility and ineligibility for becoming or continuing as a Director ; (xxii) the penalties for acting against the interest of the self-supporting co-operative society and for non-fulfilment of duties by members, office bearers, directors and staff ; (xxiii) the nature and extent of the liability of officers and members for debts contracted by the self-supporting co-operative society ; (xxiv) the authorization of an officer or officers to sign documents and to institute and defend suits and other legal proceedings on behalf of the self-supporting co-operative society ; (xxv) the manner of choosing delegates to federal self-supporting co-operative societies ; (xxvi) the rights, if any, which the self-supporting co-operative society intends to confer on any other self-supporting co-operative society and the circumstances under which these rights may be exercised by such society ; (xxvii) the nature and extent of capital, if any, of the self-supporting co-operative society ; (xxviii) the maximum share capital which a single member can hold ; (xxix) the maximum return to members on paid-up share capital ; (xxx) the source, type and extent of funds to be raised by the self-supporting co-operative society ; (xxxi) the purposes for which the funds may be applied ; (xxxii) the constitution of various funds and their purposes ; (xxxiii) the functions and powers of the sub-committee ; (xxxiv) the manner of appointment of auditors and their powers and functions ; (xxxv) the manner of disposal of funds in the event of liquidation of self-supporting co-operative society ; (xxxvi) the manner of constitution and functioning of arbitration council ; (xxxvii) the manner of liquidation of the self-supporting co-operative society ; (xxxviii) distribution of profits ; and (xxxix) other matters which are identical or incidental and are required to be provided in the bye-laws.
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