Joint Parliamentary Committee objects to RBI’s request for an overarching proviso in Co-operative Societies Bill
13 Apr 2023
"A Joint Parliamentary Committee has turned down a ‘request’ by the Reserve Bank of India to include overarching proviso in the Multi-State Co-operative Societies (Amendment) Bill. The committee, under the chairmanship of Lok Sabha MP, Chandra Prakash Joshi, tabled its report in the Parliament on Wednesday. Now the reworked bill will be taken 4 ICA Network of Cooperative Lawyers up by both the Houses. The bill aims to amend the Multi-State Co-operative Societies (MSCS) Act, 2002 to accommodate changes brought on by the 97th Constitutional Amendment Act and also to accommodate changes in the co-operative sector over the period..."
