Multi-State Co-operative Societies (Amendment) Act, 2022

  Jan 02, 2024

Multi-State Co-operative Societies (Amendment) Act, 2022

The Multi-State Co-operative Societies (Amendment) Act, 2022, amends the Multi-State Co-operative Societies Act, 2002, bringing forth notable revisions:

Election of Board Members:

The Act changes the election process for board members of multi-state co-operative societies. Previously conducted by the society's existing board, the elections will now be managed by the Co-operative Election Authority established by the central government. This Authority includes a chairperson, vice-chairperson, and up to three members, appointed based on a selection committee's recommendations.

Redressal of Complaints:

The Act introduces the appointment of Co-operative Ombudsman(s) by the central government. The Ombudsman is responsible for investigating complaints from co-operative society members regarding deposits, equitable benefits, or individual rights. The process of inquiry and adjudication is to be completed within three months of receiving a complaint, with appeals against the Ombudsman's directions made to the Central Registrar within a month.

Amalgamation of Co-operative Societies:

The Act facilitates the amalgamation of co-operative societies registered under state laws into existing multi-state co-operative societies. This requires a resolution passed by two-thirds of the members present and voting at a general meeting.

The Act aims to streamline the governance of multi-state co-operative societies, ensuring more effective administration and member protection.


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