Karnataka Co-operative Societies (Amendment) Act, 2023

Jul 31, 2023 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Industry Specific ComplianceThe Government of Karnataka on July 27, 2023, issued the Karnataka Co-operative Societies (Amendment) Act, 2023 to further amend the Karnataka Co-operative Societies Act, 1959.

The following has been amended namely: -

• Section 128-A which states “Constitution of a common cadre” has been inserted namely: -

“Notwithstanding anything contained in this Act, the rules or the bye-laws, where the Registrar, in the interest of the co-operative movement, considers that the creation of a common cadre of employees for any class of co-operative societies is necessary, he shall authorise one or more federal societies to which such class of co-operative societies is affiliated to exercise the power of appointment, transfer and disciplinary action in respect of such categories of employees of that class of co-operative societies as may be specified by him and make such regulations as may be necessary for carrying out the said purpose. Where such federal society is so authorised by the Registrar, the affiliated co-operative societies shall not have powers to deal with such categories of employees except to the extent the regulations may permit.”

It shall come into force on July 27, 2023

 

[Notification No. 337]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT