97th Amendment Act, 2011
The following are the modifications made to the Constitution as a result of the Amendment:
- After the words “or unions,” the words “Cooperative Societies” were inserted in Article 19(1)(c) of Part III of the Constitution.
- Part IV received a new Article 43B, which states, “The state must endeavor to foster voluntary creation, independent functioning, democratic control, and professional administration of cooperative organizations.”
- Part IXB (The Cooperative Societies) of the Constitution was added after Part IXA. This outlines specific checks and balances on incorporation, member term, board member election, audit of accounts, and penalties 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 India’s growth. It is anticipated to ensure cooperatives’ independent and democratic operation and the management’s 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 “The Cooperative Societies” (Article IX-B).
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