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Polity & Governance
Mahesh

23/12/22 20:37 PM IST

Multi-State Co-operative Societies (Amendment) Bill-2022

In News
  • The Lok Sabha has recently referred the Multi-State Co-operative Societies (Amendment) Bill-2022 to a joint committee of Parliament.
Provisions of the bill
  • Any cooperative society may by a resolution passed by a majority of not less than two-thirds of the members present and voting at a general meeting of such society can decide to merge into an existing multi-state co-operative society.
  • Such resolution shall be subject to provisions of the respective State Cooperative Societies Act for the time being in force, under which such cooperative society is registered.
  • The Bill also seeks to establish a cooperative election authority to bring electoral reforms in the cooperative sector.
  • The government has proposed to substitute Section 45 of the 2002 Act.
  • As per the proposed amendment, the authority will consist of a chairperson, a vice-chairperson and a maximum of three members to be appointed by the Centre.
  • The Bill seeks to insert a new Section 63A in the principal Act.
  • This relates to establishment of the Cooperative Rehabilitation, Reconstruction and Development Fund for revival of sick multi-state cooperative societies.
  • The bill proposes to insert a new Section 70A relating to concurrent audit for such multi-state societies with an annual turnover or deposit of more than the amount as determined by the Centre.
Issues
  • The bill seeks to take away state governments’ rights and is against the country’s federal structure.
  • The Bill seeks to amend Section 17 of the principal act to allow the merger of any State cooperative society with an existing MSCS.
  • Opposition members argued that this was beyond the Centre’s legislative competency as State cooperatives are not its domain.
Source- Indian Express

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