NewsGate Press Network

The Union Cabinet on Wednesday the 12th of October, 2022, approved the Multi-State Cooperative Societies (Amendment) Bill, 2022 to improve ease of doing business, increase financial discipline and enable raising of funds in the Multi-State Cooperative Societies.
The Bill, which seeks to amend the Multi-State Cooperative Societies Act, 2002, will improve governance, reform electoral process, strengthen monitoring mechanism, improve composition of Board, and also enhance transparency and accountability in the Multi-State Cooperative Societies.
The Bill will incorporate the provisions of the 97th Constitutional Amendment. The move was taken in order to make the governance of multi-State Cooperative societies more democratic, transparent and accountable.
Provisions for setting up of Cooperative Election Authority, Cooperative Information Officer and Cooperative Ombudsman have also been proposed in the Bill.
The Election Authority will ensure that elections are held in a fair, free and timely manner, which in turn will help reduce incidents of complaints and malpractices.