Powers & Duties of Board

25. The powers and duties of the Board of Directors shall be :­

a) to elect the Chairman and the Vice-Chairman of the Board of Directors.

b) (I) to appoint the Executive Committee;

   (ii) to appoint the Administrative Committee or other Sub Committee.

Provided that in the absence of such committees the powers shall vest in Board of Directors/Board of Administrators.

c) to hear and decide appeal against the order of the Executive Committee in cases expressly provided for in these bye-laws;

d) to appoint staff within the sanctioned strength as may be necessary and to determine their conditions of service subject to the approval of the Registrar.

e) to give directions to the Managing Director for convening a meeting of the General Body of the Federation and to present the Annual Report and Balance Sheet in the Annual General Body meeting;

f) to open branch offices at suitable centres and fix their jurisdiction, and to appoint local committees, if necessary, from amongst the share holders for supervising the business and working of such branches, and to define the power of such local committees;

g) to frame and subsequently amend rules for regulating the business and working of the Federation consistent with the provisions of these bye-laws;

 h) to purchase shares of other co-operative institutions and to invest the surplus funds of the Federation according to the Act and Rules framed thereunder;.

i) to open and to operate accounts with cooperative banks and other commercial banks approved by the Registrar and to raise loans on suitable terms and conditions.

j) generally to supervise all affairs of the Federation.

k) to appoint persons to represent the Federation on other cooperative societies and other institutions whenever and where-ever required.

I) To allocate the profits of the Federation as per provisions of Act, Rules and Bye-laws.