Co-operative autonomy and democratic control mandated, with governance, audit, information and accountability reforms enforced. Constitutional amendment establishing a new Part and Directive Principle to secure autonomous, democratic and professional functioning of co-operative societies; it assigns Parliament competence over multi state co-operatives and States over others and mandates laws on incorporation, regulation and winding up based on member control and participation. The amendment prescribes governance reforms including board size limits, fixed elected terms, capped suspension periods, independent audits, member right to information, periodic reporting to governments, reserved board representation for specified groups and penalties for offences to enhance accountability and management.
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Provisions expressly mentioned in the judgment/order text.
Co-operative autonomy and democratic control mandated, with governance, audit, information and accountability reforms enforced.
Constitutional amendment establishing a new Part and Directive Principle to secure autonomous, democratic and professional functioning of co-operative societies; it assigns Parliament competence over multi state co-operatives and States over others and mandates laws on incorporation, regulation and winding up based on member control and participation. The amendment prescribes governance reforms including board size limits, fixed elected terms, capped suspension periods, independent audits, member right to information, periodic reporting to governments, reserved board representation for specified groups and penalties for offences to enhance accountability and management.
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