Section 52 of MSCS Act, 2002 : Section 52: Powers And Functions Of Chief Executive

Explanation using Example

Imagine a multi-state cooperative society that operates a chain of grocery stores across several states. The Chief Executive of this society is responsible for the overall operation and management of the stores. Here's how Section 52 of The Multi-State Co-operative Societies Act, 2002, applies to the Chief Executive's role:

• (a) The Chief Executive ensures that each store is running smoothly on a daily basis, handling issues as they arise and making sure customers are satisfied.
• (b) They oversee the financial transactions, ensuring that each store's earnings are properly deposited and cash on hand is secure.
• (c) When a new supplier contract is to be signed, the Chief Executive is the authorized signatory on behalf of the soc...

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