Section 2 - Amendment of section 3 - Multi-State Co-operative Societies (Amendment) Act, 2023

Amendment of section 3. 2 . In section 3 of the Multi-State Co-operative Societies Act, 2002 (39 of 2002.) (hereinafter referred to as the principal Act), (i) after clause (a), the following clause shall be inserted, namely: (aa) Authority means the Co-operative Election Authority established under sub-section (1) of section 45; ; (ii) in clause (d), for the words, brackets and figures under sub-section (1) of section 4 , the words, brackets, letters and figures as per clause (f) of article 243ZH of the Constitution read with sub-section (1) of section 4 shall be substituted; (iii) after clause (f), the following clause shall be inserted, namely: (fa) Co-operative Ombudsman means the Ombudsman appointed by the Central Government under section 85A; ; (iv) clause (i), shall be omitted; (v) after clause (k), the following clause shall be inserted, namely: (ka) financial year , in relation to any multi-State co-operative society or class of such societies, means the year ending on the 31st day of March of the year and where the accounts of such society or class of such societies are, with the previous sanction of the Central Registrar, balanced on any other day, the year ending on such day; ; (vi) in clause (s), after the words Official Gazette , the words and the expression notified with its cognate meanings and grammatical variations shall be construed accordingly shall be inserted.