MANAGEMENT OF NFDCL

THE MANAGEMENT OF NFDCL VESTS in the board of Directors which includes chairman/chairperson and the managing Directors. There are two statutory committees viz executive committee and business committee.in addition, the board can also appoint other committees and sub committees as may be necessary and delegate to them such powers as my be necessary and appropriate from time to time.

                                                         BOARD OF DIRECTORS

The board of Directors of NFDCL is constituted from amongst the representatives of member COOPERATIVES, Nominees of central government NFDCL and others as per clause no. 30 of byelaws.the Directors are elected by the general body in accordance with provisions of mscs Act & Rules and its byelaws for a term of five years.

The office bearers I.e.chairman/chairperson and two vice- chairman are elected by the board of Directors from amongst themselves whose term is co-terminus with that of the board of Directors.the constitution of the present board of Directors is a under.

(A) Five Directors shall be elected by the member societies admitted under bye-laws no.4(B)(iii) from amongst themselves.
(B) seven Directors shall be elected by the multi-state cooperative societies, whose area of operations extends to four or more states
(C) Four Directors shall be elected by the multi-state cooperative societies, whose area of operations extends to more than two states but less than three states
(D) Two nominees of central Govt, one each from the ministry of Agriculture and ministry of food.
(E) One nominee of national cooperative Development corporation.

Two Directors shall be elected by member Societies which have subscribed to a share capital of Rs.25 lakes or more in NFDCL The member SOCIETIES,which are not covered in any clause mentioned above shall be part of bye-laws No.30(B)(a).

Managing Director and functional Directors shall be the ex-Officio members of the board of Directors The Board may coopt two experts in the field of management, finance, marketing, cooperation or such other professionals who would professionally strengthen NFDCL.

Such coopted Directors will not be eligible to vote for the election of office bearers of NFDCL, Board or eligible to be elected as office bearers or represent NFDCL in any multi-state Cooperative society. Two subject matter specialists, who may not be on permanent basis may be invited by the Board in any of its meetings.

                                               POWERS AND FUNCTIONS OF BOARD

• The board of NFDCL shall exercise the following powers
• To approve/reject admission of members
• To elect chairman/chairperson and and two vice-chairman of the NFDCL
• To authorize convening of meetings of the general body
• To interpret the organizational objectives and set-up specific goals to be achieved towards these objectives
• To make periodic appraisal of objectives

To make provisions for regulating the appointments in the NFDCL and the scales of pay, allowances and other conditions of service, including disciplinary action against such employees;

To place the annual report, financial statements, annual plan and budget estimate for the approval of the general body; To consider audit and compliance report and place the same before the general body; To acquire or dispose of immovable property; To review the membership in other cooperatives; To approve annual and supplementary budgets; To recommend to the general body distribution of profits; To raise funds; To sanction loans to the members; To fill any vacancy/vacancies in the board by elections; To approve the panel of auditors for placing in the general body; To appoint such committees, sub-committees or standing committees as may be necessary and delegate to them such powers as my be necessary and appropriate,

To frame regulations for the election of delegate to the general body, members of the board of Directors and for the conduct of meeting of the general body and the board of Directors as per the provisions of the act; To take such other measures or to do such acts as may be prescribed or required under this act or the bye-laws or as may be delegated by the general body