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of <h1>Amendment to Multi-State Co-operative Societies Act: Government Can Supersede Boards for Fraud or Non-Compliance Under Section 123.</h1> The Multi-State Co-operative Societies (Amendment) Act, 2023 revises section 123 of the principal Act. It allows the Central Government to supersede or suspend a society's board if it commits acts like fraud or fails to comply with directives, causing harm to the society's interests. The government can appoint administrators for up to six months. This action is contingent upon the board's failure to request or assist in elections as per section 45. The amendment clarifies that 'specified multi-State co-operative society' includes those with government involvement through shareholding, loans, or guarantees.
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