September 6, 2011 9:53 PM

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Multi-State Co-op Society (Amendment) Bill to tabled in Parliament tomorrow

Multi-State Co-operative Society (Amendment) Bill will come up for consideration in Parliament on Wednesday.

Top government sources told AIR that amendment Bill aims to strengthen the position of co-operative societies.

The proposed Bill suggests that Centre will not be able to dissolve the cooperative societies in middle of their term.

It also places the provision of a fresh election with in six months in case of societies unavoidable dissolution.

The Bill also proposes a fixed five year term for better functioning of these societies.

The sources also informed that government is also bringing an education societies regulation Bill which will strengthen the existing anti-corruption mechanism.

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