Board of Directors
Board of Directors of Gandhibag Sahakari Bank Ltd., consists of 23 members including two nominated staff of Gandhibag Sahakari Bank Ltd., Board of Directors have the powers to admit the new members, to increase the share capital and to sanction transfer of share into various loan or other account.
The management has to follow the bye-laws of the bank as amended in the Annual General body Meeting from time to time. This helps in better customer service. Every year management has to increase its memberships so as to extend its benefits to maximum members and thereby its capital. The management committee held Annual General Meeting to review the various function of the society. It places Annual report in such meeting relating to various activities of the bank. Annual account is also placed before the Annual General Meeting. The Management passes amendment to bye-laws as per the need of bank. It has its discretion to set aside a part of profit of the bank as per the provision incorporated under the Maharashtra Co-operative Societies Act, 1960 and rules framed thereunder for that year. Dividend on shares is decided in the Annual General Meeting. Account and financial records are maintained as prescribed by Registrar of Societies.
BOARD OF DIRECTORS