Section 44AV. Autonomy in all financial and internal administrative matters

{
    "act_title": "THE BIHAR CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 2008",
    "act_slug": "the-bihar-co-operative-societies-amendment-act-2008",
    "section_label": "Section",
    "section": {
        "number": "44AV",
        "title": "Section 44AV. Autonomy in all financial and internal administrative matters",
        "chapter": null,
        "content": "44AV. Autonomy in all financial and internal administrative matters. A co-operative\nsociety under Short Term Co-operative Credit Structure shall, have autonomy in all financial and\ninternal administrative matters including the following areas:\n(a) Interest rates on deposits and loans in conformity with Reserve Bank guidelines\n(b) Borrowing and investments,\n(c) Loan policies and individual loan decisions,\n(d) Personnel policy, staffing, recruitment, posting and compensation to staff, and\n(e) Appointment of auditors and compensation for the audit and internal control system.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 330
    },
    "prev_section": "44AU",
    "next_section": "44AW"
}