The Madhya Pradesh Sahakari Society (Punargathan Aur Nirman) Adhiniyam, 2000
The Madhya Pradesh Sahakari Society (Punargathan Aur Nirman) Adhiniyam, 2000
This law governs the reorganization of state cooperative societies following the creation of Chhattisgarh from Madhya Pradesh. It applies directly to large cooperative institutions, including state cooperative banks, agricultural development banks, housing groups, and marketing unions, along with their employees, shareholders, and members. The act sets up a process to divide assets, liabilities, and staff to establish new, independent cooperative societies for the new state. This matters because it enabled a smooth transition of vital public and financial services, ensuring that cooperative networks remained functional and legally sound for citizens in both states after the territorial split.
- 0. Preamble
- 1. Short title
- 2. Definitions
- 3. Reconstitution of the existing State Co-operative Societies and formation of new Societies
- 4. Scheme of Reconstitution and confirmation by general body of a society.-
- 5. Tribunal, whose decision in this regard shall be final.
- 6. Reconstitution and formation of the existing and corresponding new
- 7. Repeal
PDF: pending for this language.