Board powers in multi state co operative societies: governance, appointments, financial oversight and property and funding authority. The board is empowered to exercise all powers necessary to carry out its functions, including admitting members; electing the Chairperson and Vice Chairperson from among elected board members per Authority directions with certification by the Chief Executive after board resolution; interpreting objectives and setting goals; appraising operations; appointing and removing the Chief Executive and other employees not appointed by the Chief Executive; regulating employee terms and recruitment; placing annual reports, financial statements, plans and budgets before the general body; considering audit and compliance reports; acquiring or disposing of immovable property; approving budgets; raising funds; sanctioning member loans; and performing prescribed or delegated acts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Board powers in multi state co operative societies: governance, appointments, financial oversight and property and funding authority.
The board is empowered to exercise all powers necessary to carry out its functions, including admitting members; electing the Chairperson and Vice Chairperson from among elected board members per Authority directions with certification by the Chief Executive after board resolution; interpreting objectives and setting goals; appraising operations; appointing and removing the Chief Executive and other employees not appointed by the Chief Executive; regulating employee terms and recruitment; placing annual reports, financial statements, plans and budgets before the general body; considering audit and compliance reports; acquiring or disposing of immovable property; approving budgets; raising funds; sanctioning member loans; and performing prescribed or delegated acts.
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