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of <h1>Amendment to Multi-State Co-operative Societies Act: Increased Penalties for Non-Compliance and Unlawful Activities Under Section 104</h1> The Multi-State Co-operative Societies (Amendment) Act, 2023 modifies section 104 of the principal Act. It includes penalties for failing to file returns, increasing fines from two thousand to five thousand rupees, and from ten thousand to one lakh rupees. It introduces penalties for document tampering, unauthorized removal, and unlawful financial activities within co-operative societies. The amendment also imposes penalties on directors or officers for unlawful gains, with imprisonment from one month to one year and fines ranging from five thousand to one lakh rupees. Additionally, those involved in such activities are barred from contesting elections for three years.
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