Proposal to Amend Multi-State Cooperative Societies Act 2002

Recently, the Centre decided to amend the Multi-State Cooperative Societies (MSCS) Act, 2002 to plug the loopholes in the Act.

Expected Amendments

  • There may be increase their manpower, first in Delhi and then in the states, to ensure better governance of the societies.
  • Technology will be used to bring in transparency.
  • It has been suggested that administrative control of such societies should be vested in the state commissioners.

About Multi State Cooperative Societies Act (MSCS) 2002

  • It was enacted to consolidate and amend the laws related to cooperative societies.
  • It substituted the Multi State Cooperative Societies Act of 1984.
  • The Act ensures ....
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