PARTICULARS OF ORGANIZATION, FUNCTIONS AND DUTIES
OF THE FEDERATION

(A)  Particulars of the organization

(B) Functions and duties of the Federation

• To carry out activities, for promoting, production, shearing of sheep, procurement of wool, processing, marketing of graded wool/ processed wool for economic development of the members.

• To carry on the business of purchase, sale, shearing, grading and marketing of graded/semi processed wool/ processed wool.

• To establish shearing/grading/marketing centres.

• To arrange for training of personal in sheep shearing, wool grading and marketing.

• To establish research and quality control Laboratories. Initially the wool analysis work will be got done at the Animal Husbandry Department, Wool Analysis Laboratories.

• To undertake research and extension work in wool marketing and conduct studies for the purpose of carrying out the aforesaid objectives effectively.

• To aid, counsel, assist, finance, protect and promote the interests of the Cooperative Societies formed with the object of promoting or engaged in Sheep Breeding or Shearing or marketing of wool or in the manufacture of woolen goods or market semi-processed wool / processed wool. The cooperative Societies will be directly affiliated with the apex body i.e. the Federation.

• To purchase wool from the members or from other sources, without effecting the interest of the members, pools, grade/process and sell the same.

• To carry out any branch or subsidiary business, commonly carried on with the main function of the Federation.

• To acquire and deal with any property real or personal, to carry on any trade or business to erect any buildings, and generally to do all type of things, which in the opinion of the Board of Directors of the Federation may  be conveniently or profitably usefully acquired and dealt with, carried on or done by the society in connection with the business.

• To promote and operate schemes for development of wool industry in the State and for that purpose to operate and get prepared reports, blue-prints, statistics and other information.

• With the previous approval of the Registrar, to take and otherwise acquire and hold shares in any other company having objects altogether or in part similar to those of the Federation.

• Generally to purchase take on lease or in exchange, hire or otherwise acquire any moveable or immovable property and any ay rights or privileges which the Federation may think necessary or convenient for the purpose of its business and in particular any land, machinery, plant and stock in trade.

• To invest or deposit funds of the Federation not immediately required, in the manner provided in the Act, and the rules or permitted by general or special order of the Registrar Cooperative Societies, H.P.

• To draw, make, accept, endorse, discount, execute and issue promissory notes, bills of exchange, warrants, debentures and other negotiable or transferable instruments.

• To sell, improve, manage, develop, exchange, leave, mortgage, dispose of turn to account, or to otherwise deal with all or any part of the property, assets and rights of the Federation.

• To open an account, or accounts with any bank or banks and to draw and endorse cheques and to withdraw money from such accounts, subject to the prior approval of the Registrar Cooperative Societies.

• To create any depreciation fund, reserve fund and or any other special fund, sinking fund, insurance fund, whether for depreciation or for repairing, improving, extending or maintaining any of the property of the Federation or for any other purpose conducive to the interest of the Federation.

• Market its commodities and products under its own trade mark/ brand name or otherwise.