Multi-State Cooperative Societies Act, 1984
42. Powers and
functions of the board.-
1.
The
board may exercise all such powers as may be necessary or expedient for the
purpose of carrying out its functions under this Act.
2.
Without
prejudice to the generality of the foregoing power, such power shall include
the power --
a. to admit members;
b. to interpret the
organisational objectives and set up specific goals to be achieved towards
these objectives;
c. to make periodic
appraisal of operations;
d. to appoint a Chief
Executive and such other employees of the society (out of the list of persons
referred to in section 50) as are not required to be appointed by the Chief
Executive;
e. to make provisions
for regulating the appointment of employees of the multi-State cooperative
society and the scales of pay, allowances and other conditions of service of,
including disciplinary action against, such employees;
f. to approve annual and
supplementary budget;
g. to acquire or dispose
of immovable property;
h. to raise funds;
i. to sanction loans to
the members; and
j. to take such other
measures or to do such other acts as may be prescribed or required under this
Act.