s 54 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]