Rajya Sabha Passes Amendment Bill On Multi-State Cooperative Societies

The Bill allows state cooperative societies to merge into an existing multi-state cooperative society.

The Rajya Sabha today passed the Multi-State Cooperative Societies (Amendment) Bill, 2023, to amend the Multi-State Cooperative Societies Act, 2002.

The Lok Sabha had earlier passed the amendment Bill.

The Bill will improve governance, reform the electoral process, strengthen the monitoring mechanism, improve the Board's composition, and enhance transparency and accountability in Multi-State Cooperative Societies.