Multi-State Co-operative Societies Act,2002

Act No : 39

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Section : Central Government's power to give directions to specified multi-Stateco-operative societies in public interest.

122. Central Government's power to give directions to specified multi-State co-operative societies in public interest.-If the Central Government is satisfied that in the public interest or for the purposes of securing proper implementation of co-operativ production and other developmental programmes approved or undetaken by the Central Government or to secure proper management of the business of the specified multi-State co-operative societies generally or for preventing the affairs of such society bein conducted in a manner detrimental to the interests of the members, any depositors or creditors thereof, it is necessary to issue directions to any class of specified multi-State co-operative societies generally or to any specified multi-State co-operati e society or societies in particular, the Central Government may issue directions to it or to them, from time to time, and all such specified multi-State co-operative society or the societies concerned, as the case may be, shall be bound to comply with s ch directions.

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