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of <h1>Government Can Nominate Board Members in Multi-State Co-Op Societies Based on Shareholding and Financial Support</h1> Under the Multi-State Co-Operative Societies Act, 2002, when the Central or State Government subscribes to the share capital of a multi-state cooperative society, they are entitled to nominate board members based on their equity shareholding. If the shareholding is less than 26%, one member can be nominated; between 26% and 51%, two members; and 51% or more, three members. However, nominated members cannot exceed one-third of the board. Additionally, if the government guarantees financial obligations or provides assistance to the society, they may also nominate board members. Nominated individuals serve at the discretion of the nominating government.
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