Section 43: Functions, duties and powers of Board

In addition to the functions, duties, and powers referred to elsewhere in this Act, the functions, duties and powers of the Board shall be as follows:-

(a) To operate the Cooperative Organization according to norms, values and principles of Cooperatives,

(b) To carry out or cause to be carried out financial and administrative functions,

(c) To call preliminary General Meetings, Annual General Meetings, Extraordinary General Meetings,

(d) To implement or cause to be implemented the resolutions of the General Meeting,

(e) To prepare policies, plans, budget and annual programs of the Cooperative Organization and to submit them to the General Meeting,

(f) To grant membership of the Cooperative Organization and to remove from membership,

(g) To carry out functions relating to share transfer and withdrawal,

(h) To acquire membership of the concerned Association,

(i) To frame Byelaws and internal procedures and to submit them in the General Meeting,

(j) To carry out or cause to be carried out necessary functions for the promotion of transactions and commercial interests subject to the working areas of the Cooperative Organization,

(k) To carry out such hold other functions as prescribed.