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THE MULTI-STATE CO-OPERATIVE SOCIETIES ACT, 2002 · DIRECTION AND MANAGEMENT OF MULTI-STATE CO-OPERATIVE SOCIETIES

Section 52 — Powers and functions of Chief Executive

The Chief Executive shall under the general superintendence, direction and control of the board, exercise the powers and discharge the functions specified below, namely:—
(a)day-to-day management of the business of the multi-State co-operative society;
(b)operating the account of the multi-State co-operative society and be responsible for making arrangements for safe custody of cash;
(c)signing on the documents for and on behalf of the multi-State co-operative society;
(d)making arrangements for the proper maintenance of various books and records of the multi- State co-operative society and for the correct preparation, timely submission of periodical statements and returns in accordance with the provisions of this Act, the rules and the bye-laws;
(e)convening meetings of the general body of the multi-State co-operative society, the board and the Executive Committee and other committees or sub-committees constituted under sub-section (1) of section 53 and maintaining proper records for such meetings;
(f)making appointments to the posts in the multi-State co-operative society in accordance with the bye-laws;
(g)assisting the board in the formulation of policies, objectives and planning;
(h)furnishing to the board periodical information necessary for appraising the operations and functions of the multi-State co-operative society;
(i)appoint the person to sue or be sued on behalf of the multi-State co-operative society;
(j)present the draft annual report and financial statement for the approval of the board within thirty days of closure of the financial year;
(k)performing such other duties, and exercising such other powers, as may be specified in the bye-laws of the multi-State co-operative society.