Part IX B of the Constitution of India, 1950 (COI) specifically deals with the provisions related to the Cooperative Societies introduced through 97th Constitutional Amendment Act, 2011. Context (PIB): Policy reforms emphasize the role of cooperatives in India’s socio-economic growth. What are Cooperatives? Cooperatives are voluntary, democratic, and autonomous organisations controlled by their members. Multi-state co-operative societies (MSCS) operate in more than one state in various sectors such as agriculture, textile, poultry, and marketing. States regulate state cooperative societies ’ incorporation, regulation, and winding up. Parliament can legislate on matters ... There are different types of business organisations, one such form is of cooperative society . Cooperative societies are formed with the aim of helping their members. This type of business organisation is formed mainly by weaker sections of the society in order to prevent any type of exploitation from the economically stronger sections of the society . Cooperative societies need to be registered under the Cooperative Societies Act, 1912 in order to function as a legal entity. Members of the ... Overview of cooperative societies in India, covering their legal framework, the Ministry of Cooperation's role, guiding principles, constitutional provisions, registration process, and key national and international bodies.
