Section 38 in Punjab Self-Supporting Co-operative Societies Act, 2006
38. Consequences of not calling annual general meeting and special meeting.
- If the Board fails to call an annual general meeting under sub-section (I) of section 36 or a special meeting of general body under sub-section (1) or sub-section (2) of section 37 within the stipulated period, all Directors shall cease to hold their offices on the date of expiry of the period. specified for calling such meeting.
