The Bihar Co-operative Societies (Amendment) Act, 2013

The Bihar Co-operative Societies (Amendment) Act, 2013

Corporate201322 sections

This Act amends the governing law for cooperative societies to strengthen the State Government’s support towards creating, managing, and funding co-operatives. It mandates a quota system where fifty percent of board seats must be reserved for Scheduled Castes, Scheduled Tribes, and Backward Classes, with at least two seats specifically for women throughout all society levels from primary to apex. The legislation establishes five-year terms for elected office-bearers and permits experts with specialized banking or financial experience to be co-opted to boards to improve professional management.

PDF: pending for this language.