law: Multi-State Cooperative Societies Act, 1984 
  42. Powers and
  
  functions of the board.- 
  1.     
  
    The
  
  board may exercise all such powers as may be necessary or expedient for the
  
  purpose of carrying out its functions under this Act.
  2.     
  
    Without
  
  prejudice to the generality of the foregoing power, such power shall include
  
  the power --
  a.      to admit members;
  b.     to interpret the
  
  organisational objectives and set up specific goals to be achieved towards
  
  these objectives;
  c.      to make periodic
  
  appraisal of operations;
  d.     to appoint a Chief
  
  Executive and such other employees of the society (out of the list of persons
  
  referred to in section 50) as are not required to be appointed by the Chief
  
  Executive;
  e.      to make provisions
  
  for regulating the appointment of employees of the multi-State cooperative
  
  society and the scales of pay, allowances and other conditions of service of,
  
  including disciplinary action against, such employees;
  f.      to approve annual and
  
  supplementary budget;
  g.     to acquire or dispose
  
  of immovable property;
  h.      to raise funds;
  i.       to sanction loans to
  
  the members; and
  j.       to take such other
  
  measures or to do such other acts as may be prescribed or required under this
  
  Act.