Lawgist51Chief Executive
(1) There shall be a Chief Executive, by whatever designation called, of every multi-State co-operative society to be appointed by the board and he shall be a full-time employee of such multi-State co-operative society.
(2) The Chief Executive shall be a member of the board and of the Executive Committee and such other committees or subcommittees as may be constituted under sub-section (1) of section 53.
(3) Where the Central Government or the State Government holds fifty-one per cent. or more of the equity share capital or of total shares of the multi-State co-operative society, the salary and allowances payable to and other terms and conditions of service including pension, gratuity and other retirement benefits of the Chief Executive shall be such as may be prescribed.
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- 38 Constitution, powers and functions of general body
- 39 Annual general meeting of general body
- 40 Special general meeting of general body
- 41 Board of directors
- 42 Association of employees in management decision making process
- 43 Disqualifications for being a member of board
- 44 Prohibition to hold office of chairperson or president or vice-chairperson or vice-president in certain cases
- 45 Elections of members of board
- 46 Holding of office in co-operative society
- 47 Removal of elected members by general body
- 48 Nominee of Central Government or State Government on board
- 49 Powers and functions of board
- 50 Meeting of board
- 51 Chief Executive
- 52 Powers and functions of Chief Executive
- 53 Committees of board
- 54 Securing possession of records, etc
