Page 2 - Multi-state Cooperative Societies
Govt amends Multi State Cooperative Societies Act to bring in transparency
Credit cooperatives constitute the bulk of the MSCS (610), followed by agriculture-oriented MSCS (244)
 "Govt amends Multi State Cooperative Societies Act to bring in transparency")
Cabinet okays amendments in Multi-State Cooperative Societies Act
The Union Cabinet on Wednesday approved amendments to the Multi-State Cooperative Societies Act to bring transparency in the sector and reform the electoral process. The Union Cabinet has approved the Multi-State Cooperative Societies (Amendment) Bill, 2022, which seeks to amend the Multi-State Cooperative Societies Act, 2002, I&B Minister Anurag Thakur told reporters here after the Cabinet meeting. He said the amendments have been brought in to improve the ease of doing business. The Bill will incorporate the provisions of the 97th Constitutional Amendment. The amendments have been brought to improve governance, reform the electoral process, strengthen monitoring mechanisms and enhance transparency and accountability. The Bill also seeks to improve the composition of board and ensure financial discipline, besides enabling the raising of funds in the multi-state cooperative societies.
 "Cabinet okays amendments in Multi-State Cooperative Societies Act")
Co-op societies can now procure goods from public procurement portal GeM
The decision is expected to help cooperatives in getting competitive prices through an open and transparent process
 "Co-op societies can now procure goods from public procurement portal GeM")
New Co-op Ministry might boost growth of multi-state co-op societies
This would bring much-needed transparency and fairness in the functioning of the cooperatives, which so far have been riddled with charges of political interference and mismanagement, say experts
 "New Co-op Ministry might boost growth of multi-state co-op societies")
Gehlot writes to PM Modi to rein in multi-state cooperative societies
Chief Minister Ashok Gehlot has written to Prime Minister Narendra Modi for enacting provisions for remedial measures against the multi-state cooperative societies under the Centre's administration
 "Gehlot writes to PM Modi to rein in multi-state cooperative societies")
Multi State Cooperative Societies may soon come under money laundering act
Maharashtra has the highest number of registered MSCSs
 "Multi State Cooperative Societies may soon come under money laundering act")
