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of <h1>Amendments to Multi-State Co-Operative Societies Act Increase Penalties for Fraud, Non-Compliance, and Misuse of Assets.</h1> The Multi-State Co-Operative Societies Act, 2002, outlines various offences and penalties for violations by societies, officers, or members. These include fines for false returns, non-compliance with orders, and failure to remit deducted amounts. Penalties extend to fraudulent election activities, unauthorized handling of documents, and causing unlawful losses to society assets. Imprisonment and fines are prescribed for directors or officers involved in unlawful gains or misuse of society assets. Recent amendments have increased fines and introduced additional provisions to enhance accountability and compliance within multi-state co-operative societies.
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