Functions of annual general meeting
54.  The functions of the annual general meeting of a society are —
(a)to consider and confirm the minutes of the last annual general meeting and of any other intervening general meeting;
(b)to consider the auditor’s report, the reports of the committee of management and any report made by the Registrar or the Registrar’s representative;
(c)to approve the financial statements;
(d)to consider and resolve the manner in which any available net surplus is to be distributed subject to the provisions of this Act and the by-laws;
[Act 17 of 2024 wef 18/07/2024]
(da)to consider and resolve the distribution of dividends or payment of honoraria from any reserves for which the approval of the Registrar under section 72A has been obtained;
[Act 17 of 2024 wef 18/07/2024]
(db)to consider and resolve the payment of any honorarium, allowance or other benefit to members of the committee of management;
[Act 17 of 2024 wef 18/07/2024]
(e)to consider and adopt any amendments to the by-laws;
(f)to elect or remove members of the committee of management;
(g)to appoint the auditors of the society;
(h)to consider and determine the maximum amount the society may borrow; and
(i)to transact any other general business of the society of which due notice has been given to members.
[3/2018]