Special Features Added by the Part IXB of the Constitution
- Every cooperative societyâs board of directors should have one seat reserved for SC/STs and two for women.
- Cooperatives might establish an election commission.
- Provisions for cooperative organizationsâ formation, regulation, and dissolution based on democratic principles, with a maximum number of directors of twenty-one.
- Establishing an independent professional audit.
- Provides members of cooperative groups with the right to information.
- For the elected members of the board and its office bearers, a set term of five years from the election date is provided.
- Establishing a six-month maximum suspension period for the board of directors of a cooperative society.
Ninety-Seventh Amendment Act 2011 In Indian Constitution
The Constitutional Ninety-Seventh Amendment Act of 2011 deals with cooperatives and aims to stimulate cooperative economic activity, which would assist rural Indiaâs growth. It is anticipated to ensure cooperativesâ independent and democratic operation and the managementâs responsibility to members and other stakeholders.
The 97th Constitutional Amendment Act of 2011 granted protection to cooperative society and gave constitutional status to a cooperative society. The Constitution has amended this in two ways:
- Article 19 provides the basic right for cooperative societies to organize.
- It created a new section of the Constitution called âThe Cooperative Societiesâ (Article IX-B).
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