Cap. 442 ст. 66Functions of the annual general meeting.

The functions of the annual general meeting of a society shall be -

(a) to consider and confirm, with such amendments as it may deem fit, the minutes of the previous annual general meeting and of any other intervening general meeting not previously approved at another general meeting;

(b) to consider the auditor’s report, the reports of the committee of management and the supervisory board, if any, and any report made by the Board;

(c) to consider and approve the financial statements;

(d) subject to the provisions of this Act and the statute, to consider and determine the manner in which any available net surplus shall be distributed or invested;

(e) to consider and adopt any amendments to the statute;

(f) to propose and approve any honoraria, allowances, audit fees and/or other remuneration as defined in article 77;

(g) to elect members of the committee of management and of the supervisory board, if any;

(h) to appoint the auditors of the society;

(i) to decide appeals of persons whose application for membership has been rejected by the committee of management;

(j) to consider and determine the maximum amount the society may borrow;

(k) to hear and decide upon any complaints brought by members aggrieved by a decision of the committee of management, provided that notice of the intention to bring such complaints before the meeting has been given to the secretary or manager at least two days prior to the meeting;

(l) if so requested by him, to hear any auditor who has been removed by the society;

(m) to transact any other general business of the society of which due notice has been given to members. convened by the committee of management -

(a) on receipt of a request for such a meeting signed by at least one-fourth or fifteen of the members or delegates of the society, whichever is the less, stating the objects of the meeting;

(b) on receipt of a request from the supervisory board, or the Board, stating the objects of the meeting.

(3) If the committee of management fails to convene an extraordinary general meeting in accordance with subarticle (2) within one month of receiving the request for the meeting, the supervisory board, or the Board, as the case may be, making the request shall have power to convene the meeting themselves by notice to all members of the society stating the object of the meeting and the fact that the committee of management has failed to convene the meeting.