The Manipur Co-operative Societies (Fourth Amendment) Act, 2010
The Manipur Co-operative Societies (Fourth Amendment) Act, 2010
This Act amends the Manipur Co-operative Societies Act, 1976, to clarify and expand the legal definitions governing cooperative societies in the state. It introduces new terms for various types of cooperatives, such as Apex Societies, Multipurpose Societies, and Primary Agricultural Credit Societies, while also defining financial terms like Capital to Risk Weighted Assets Ratio. Additionally, it updates procedural dates and adds specific roles for Chartered Accountants and National Banks. This change matters because it provides a clearer legal framework for regulating and operating different cooperative structures, ensuring better compliance and financial stability within the state's cooperative sector.
- 0. Preamble
- 4. Amendment of section 13
- 21. Amendment of section 78A.- In section 78A of the Principal Act,-
- 21B. Provided further that where any such society fails to comply with the above provisions within the period specified therein, the Registrar shall de- register such society forthwith.
- 21C. Choice of affiliation. Notwithstanding anything contained in this Act, a Short Term
- 21D. No restriction of geographical boundaries
- 22. Insertion of new section 80A
- 23. Amendment of section 81, - In section 81 of the Principal Act,-
- 24. Amendment of section 157
PDF: pending for this language.