Question : Which of the following statements is/are correct regarding the Multi-State Cooperative Societies (Amendment) Bill, 2022? A. The Lok Sabha referred this bill to the joint committee of parliament comprising 21 members from the Lower House and 10 from the Upper House. B. This bill also proposed to establish a "Cooperative Election Authority" to bring electoral reforms. C. The bill also has a Section 63A that relates to the "establishment of the Cooperative Rehabilitation, Reconstruction and Development Fund" for the revival of "sick multi-state cooperative societies".
Option 1: A and B only
Option 2: B and C only
Option 3: A, B and C
Option 4: A and C only
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Correct Answer: A, B and C
Solution : The correct answer is A, B and C.
The Parliament approved the Multi-State Cooperative Societies (Amendment) Bill 2022. With provisions for the establishment of a Cooperative Election Authority, a Cooperative Rehabilitation, Reconstruction and Development Fund, the appointment of cooperative ombudsmen and information officers and the representation of women and members of the SC/ST on cooperative society boards, the bill seeks to improve accountability, transparency and ease of doing business in the cooperative sector.
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