Section 42 - Amendment of section 116 - Multi-State Co-operative Societies (Amendment) Act, 2023

Amendment of section 116. 42 . In section 116 of the principal Act, (i) for the marginal heading, the following marginal heading shall be substituted, namely: Power to amend Schedules. ; (ii) after sub-section (1), the following sub-section shall be inserted, namely: (1A) If the Central Government is satisfied that it is necessary or expedient so to do, it may, by notification, amend the First Schedule and the Third Schedule and thereupon such Schedules shall be deemed to have been amended accordingly: Provided that in case of the First Schedule, such notification shall be used only for adding to the co-operative principles in the list. ; (iii) in sub-section (2), for the word, brackets and figure sub-section (1) , the words, brackets, figures and letter sub-sections (1) and (1A) shall be substituted.