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of <h1>New Rules for Co-Op Leaders: Declare Interests Annually to Ensure Transparency Under Section 45C of 2002 Act.</h1> Section 45C of the Multi-State Co-Operative Societies Act, 2002, as amended in 2023, mandates that before appointing any individual as Chairperson, Vice-Chairperson, or Member, the Central Government must ensure the absence of any financial or other interests that could adversely affect their duties. Upon assuming office and annually thereafter, these officials must declare their direct or indirect interests in any co-operative society. These declarations are required to be publicly accessible, ensuring transparency and accountability in the management of multi-state co-operative societies.
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