The Government of Karnataka on July 26, 2024, notified the Karnataka Souharda Sahakari (Amendment) Bill, 2024 to further amend the Karnataka Souharda Sahakari Act, 1997.
The following has been stated-
•In section 26, after sub-section(3), the following shall be inserted, namely:- “(4) Subject to the provisions of this Act, the procedure and guidelines for conduct of election shall be as may be prescribed.”
•In section 33, after sub- section (1), the following shall be inserted, namely:- “(1-A) Notwithstanding anything contained in sub-section (1), except urban co- operative banks, once in every three years every co-operative shall get its accounts audited by the Auditor of Co-operative Audit Department.”
•In section 54, in sub-section (2) after third proviso, the following shall be inserted namely: “(2-A) The provisions of section 24 related to the Maximum number of members and reservation of seats in the Board shall mutatis-mutandis apply to the Federal Co-operative.”
[LA Bill No. 4 of 2024]
