Maharashtra Co-operative Societies (Third Amendment) Bill, 2023

Jul 30, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Maharashtra on July 26, 2023, issued the Maharashtra Co-operative Societies (Third Amendment) Bill, 2023 to further amend the Maharashtra Co-operative Societies Act, 1960.

The following has been stated namely: -

• Section 73 which states “Committee, its powers and functions” in sub-section (1A)(a), has been substituted namely: -

“The first general meeting of a society shall be convened within three months from the date of its registration or reconstruction to appoint a provisional committee and to transact other

business as may be prescribed.”

• In section 101(1) which states “Recovery of arrears due to certain societies as arrears of recovery of land revenue” the word “individual” shall be deleted.

• The Maharashtra Co-operative Societies (Second Amendment) Ordinance, 2023, is hereby repealed.

 

It shall be deemed to have come into force on July 10, 2023

 

[Notification No. MAHENG/2009/35528]


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