11. Financial Year
The Financial year of the Federation shall be 1st January to
12. General Council
12.1 On admission and thereafter once in every three
years in the month of April, or on such date as decided by
the Executive Committee, each Affiliate/Associate Member
shall be required to nominate 20 members to form the General
Council of the Federation. Such nominations shall be on
12.2 The members so nominated to the General
Council, shall hold office during the pleasure of the
Affiliate/Associate Member and the Affiliate/Associate
Member shall have the right to recall a member and
substitute another in his place, by notice on Form-IV to
the Federation. Such notice shall be signed by the
President and General Secretary of the Affiliate.
Notwithstanding anything contained in clause 12.2, if the
member of the General Council recalled or substituted by
the Affiliates, happens to be an Office-bearer of the
Federation, such recalling or substitution shall take effect
only after the Executive Committee of the Federation has met
and made alternative arrangement for taking charge from
such office-bearer, so however that if the Executive
Committee fails to make such arrangement within a period of
3 months from the date of receipt of notice on Form-IV, the
recall and/or substitution, shall take effect at the end of
the period of 3 months and the office-bearer shall be
deemed to have vacated his post.
If before the expiry of the period of 3 months after a
notice on Form-IV is received from an Affiliate an ordinary
or special meeting of the General Council is held, the
member recalled or substituted shall be permitted to attend
such meeting but shall not be entitled to vote on any motion
before the house or to participate in the election.
The Executive Committee shall nominate from out of the
ordinary members such number of members on the General
Council as may be necessary to provide reasonable
representation to the ordinary members.
Members nominated by the Executive Committee shall hold
office during the pleasure of the Executive Committee and
the Executive Committee shall have the right to recall a
member and substitute another in his place.
The provisions of clauses 12.3 and 12.4 shall apply in the
case of the nominees of the Executive Committee also.
The General Council shall be the Supreme body of the
Federation and shall have powers to take all decisions
relating to policy matters.
The Executive Committee shall comprise the members of the
Secretariat and one additional member nominated by each
affiliate/Associate Member and 5 members from
Associate Banks’ Officers’ Association. The Executive
Committee may co-opt such number of ordinary members as
may be deemed necessary in the interest of the
If in the opinion of the Executive Committee, it is
expedient so to do, the committee may by nomination, provide
representation to women, specialists, sportsmen, Scheduled
Castes and Scheduled Tribes and to such other group or
category of Officers as may be deemed appropriate.
The total number of persons nominated under Bye-law 13.2
shall not exceed 5. The term of the members so nominated
shall ordinarily be one year. They shall however be
eligible for renomination.
The Executive Committee shall be responsible for the
implementation of the policies and programmes laid down by
the General Council or other directions given by the General
Council. The Executive Committee shall have power to take
such decisions as may be necessary in an emergent situation
or where matters are urgent and cannot without prejudice to
the interests of the organisation, wait for the General
Council to meet.
The Executive Committee shall have powers to set up/ float
new wings/forums and frame appropriate guidelines therefor
for the purpose of implementation of the objectives laid
down in the bye-laws of the Federation.
proposals/directives shall be placed in the immediate
session of the General Council for ratification.
General Secretary, Deputy General Secretaries and
shall collectively, constitute the Secretariat.
The Secretariat shall look after the general administration
and perform other functions as may be assigned to it, by the
The following Office-bearers shall be elected by the
One General Secretary
One Joint General Secretary from Mumbai
Affiliate, where the Corporate Centre is situated.
One Dy. General Secretary from each affiliated
Six Secretaries and Five Administrative
Elections to the various posts of Office-bearers shall be
held at the Triennial Conference of the General Council.
The General Council shall appoint as Returning Officer a
member of the Council who declares in writing that he is not
a candidate for any post for which elections are to be
16.3 Only the members of the Council shall be eligible
to contest the elections.
Candidature of every contestant shall be proposed and
seconded by two separate members.
Elections shall be held by secret ballot.
The tenure of office-bearers and members of the Executive
Committee shall be 3 years. They shall, however, continue
to hold office till elections are held at next Triennial
Session of the General Council.
Members nominated on the Executive Committee under Bye-law
13.1 shall hold Office during the pleasure of the respective
body which nominated them.
POWERS AND DISCIPLINARY PROCEDURE
If in the opinion of the Executive Committee the conduct of
any office-bearer or member of the Executive Committee is
likely to bring the Federation into contempt or disrepute or
endanger the unity and integrity of the Federation or if the
member has acted contrary to the advice, directive policy or
resolution of the Executive Committee or the General Council
or has refused to comply with such advice, directive policy
or resolution, the Executive Committee shall have the power
to remove from office such office-bearer or member of
The Executive Committee shall also have powers to terminate
the Affiliation/Associate membership of an organisation if
any member, Office-bearer or a representative of such
organisation engages in acts violative of the discipline of
the Federation and despite directive issued by the
Executive Committee of the Federation that appropriate
disciplinary action be taken by such organisation against
its errant member, Office-bearer or representative, the
organisation neglects, ails or refuses to take such action.
The Executive Committee shall also have powers to terminate
the affiliation/Associate Membership of an organisation on
any other ground mentioned in clause (1) of this Bye-law.
Any Affiliate/Associate Member or Office-bearer or member
of Executive Committee against whom action is
contemplated shall be informed about the charges and
allegations against him and shall be given a reasonable
opportunity of being heard.
member or Office-bearer removed from membership/office of
any organisation whose affiliation/Associate Membership is
terminated by the Executive Committee
may appeal to the General Council at its next meeting.
Vacancies of office-bearers caused by death, resignation or
removal or cessation of posts which are not filled-up
through elections at the General Council for any other
reason may be filled by Co-option by the Executive
19.2 Vacancies of members of Executive committee may be
filled up by co-option on the recommendations of the
The General Council of the Federation shall meet once in
three years, at such a place as may be decided by the
Executive Committee or Secretariat.
The Executive Committee shall meet once in four months or as
frequently as may be necessary.
The Secretariat shall meet once a month or as often as may
20.4 Extra-ordinary meetings of the General Council or
Executive Committee may be called on requisition by 1/3rd the
number of members of the respective bodies.
20.5 One month’s notice should be given for meetings of
General Council, and one week’s notice for Executive
Committee Meetings. Meetings of Secretariat may be called by
giving 3 days’ notice.
20.6 Quorum for the meetings of General
Council/Executive Committee/Secretariat shall be equal to
half the number of the members of the respective bodies.
20.7 Special meetings of the General Council/Executive
Committee/Secretariat may be called by the President if he
is satisfied that it is necessary to do so in the interest
of the Federation. The Quorum for such meetings shall be the
same as other meetings of these bodies.