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Section 1

[Provided that the recruitment of such employees shall be subject to such procedure as may be prescribed.]

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1 [Provided that the recruitment of such employees shall be subject to such procedure as may be prescribed.] (f) to place the annual report, annual financial statements, annual plan and budget for the approval of the general body; (g) to consider audit and compliance report and place the same before the general body; (h) to acquire or dispose of immovable property; (i) to review membership in other co-operatives; (j) to approve annual and supplementary budget; (k) to raise funds; (l) to sanction loans to the members; and (m) to take such other measures or to do such other acts as may be prescribed or required under this Act or the bye-laws or as may be delegated by the general body.