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English Release 24-May 2013
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- Presidents Secretariat
- We must find answers for reversing the degradation of values, says President
- President’s Buddha Purnima Greetings
- Vice President's Secretariat
- Vice President Greets Citizens on Buddha Purnima
- Prime Minister's Office
- Prime Minister’s Speech at SEBI’s Silver Jubilee Celebration
- PM Greets the Nation on Buddha Purnima
- Min of Agriculture
- Kharif Sowing Crosses 60 Lakh Hectare
- Min of Comm. & Information Technology
- NIELIT, Srinagar will contribute to the growth of J&K, Dr. Killi Kruparani
- Min of Health and Family Welfare
- Janani Shishu Suraksha Karyakram – Saving Mothers and Newborns
- Azad concludes two-day visit to Sweden
- Min of Human Resource Development
- Block Institutes of Teachers Education to be Established in 196 SC/ST/Minority Concentrated Districts
- Min of Petroleum & Natural Gas
- Petroleum Ministry Refutes allegations regarding Proposed Gas Price Revision
- Production Performance of Oil & Natural Gas sector for the month of April, 2013
- Global crude oil price of Indian Basket declines sharply to
99.37/US$ bbl on 23.5.2013
- Min of Power
- Hindi Advisory Committee of Ministry of Power for effective implementation of Official Language
- Ministry of Water Resources
- Storage of Important Reservoirs in the Country (as on 25 April 2013)
- Min of Youth Affairs & Sports
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Conference of Ministers and Secretaries of States And Union Territories in-Charge of Sports & Youth Affairs Begins in New Delhi
- Planning Commission
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UIDAI launches Aadhaar based Iris Authentication, eKYC, One Time PIN New Services and Permanent Enrolment Centres
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Ministry of Agriculture26-March, 2012 18:10 IST
| 97th Constitution Amendment to Encourage Economic Activities of Cooperatives |
Constitution (Ninety Seventh Amendment) Act 2011 relating to the co-operatives will encourage economic activities of cooperatives which in turn help progress of rural India. It is expected to not only ensure autonomous and democratic functioning of cooperatives, but also the accountability of the management to the members and other stakeholders.
The inter alia provides for:
(i) incorporation, regulation and winding up of cooperative societies based on the principles of voluntary formation, democratic member control, member economic participation and autonomous functioning;
(ii) specifying the maximum number of directors of a co-operative society to be not exceeding twenty-one members;
(iii) a fixed term of five years from the date of election in respect of the elected members of the board and its office bearers; and an authority or body for the conduct of elections to a cooperative society;
(iv) a maximum time limit of six months during which board of directors of a co-operative society could be kept under supersession or suspension;
(v) independent professional audit;
(vi) right of information to the members of the co-operative societies;
(vii) empowering the State Governments to obtain periodic reports of activities and accounts of co-operative societies;
(viii) reservation of one seat for the Scheduled Castes or the Scheduled Tribes and two seats for women on the board of every cooperative society, which have individuals as members from such categories; and
(ix) penalties in respect of offences relating to co-operative societies.
This information was given by Shri Dr. Charan Das Mahant, Minister of State for Agriculture and Food Processing Industries in written reply to a question in the Rajya Sabha today.
MP:SB: cooperatives (26.3.2012)
(Release ID :81715)
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