Vidhi Codex

section 20

General Body.

The Telangana Mutually Aided Co-operative Societies Act, 1995
Corporate199554 sections
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Statutory text
  1. (1) Subject to the provisions of this Act and the byelaws, the ultimate authority of a Co-operative Society shall vest on its general body: Provided that where, because of spread of number of members, a Co-operative Society feels the need for constituting a Representative General body for more effective decision making, it may constitution a Representative General body in such manner and with such functions as may be specified in the bye-laws.
  2. (2) The following matters, among others specified in the bye-laws shall be dealt with by the general body of a Co-operative Society, namely:-
    • (a) amendments to bye-laws;
    • (b) election and removal of Directors;
    • (c) consideration of,-
  3. (1) the long term perspective plan and budget;
  4. (2) the normal operational plan and budget;
  5. (3) the annual report of activities for being filed with the Registrar;
  6. (4) the auditor’s report and the annual audited statement of accounts for being filed with the Registrar;
  7. (5) special audit report or inquiry report, if any;
  8. (6) compliance report relating to audit, special audit and/or inquiry, if any;
    • (d) approval of appointment and removal of auditors;
    • (e) disposal of surplus;
    • (f) management of deficit;
    • (g) creation of specific reserves and other funds;
    • (h) review of actual utilisation of reserves and other funds;
      • (i) review of the Chief executive’s report of the attendance at meeting by Directors and review of the business done with the Co-operative Society by the Directors;
    • (j) appointment, reconstitution and disbanding on the Representative General body;
    • (k) remuneration payable to any Director or internal auditor in connection with his duties in that capacity or his attendance at related meetings;
    • (l) membership of the Co-operative Society in federation;
    • (m) collaboration with other organisation and its review;
    • (n) promotion of subsidiary organisations and review;
    • (o) dissolution of the Co-operative Society; and
    • (p) all other functions expected of the general body under the other provisions of this Act.

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