Registration requirements for multi state co operative societies tightened; two state registration, promoter verification and name restrictions enforced.
Amendment requires primary multi state co operative societies with credit or multi purpose objects to register with at least two States/Union Territories, submit an attested list of contributors with ID address proofs and admission fee details, obtain a No Objection Certificate from Registrars of concerned States/UTs, and provide Registrar certified verification of promoters' credentials. It prohibits non national societies from using words equivalent to "National" in their names and permits non bank societies to open branches nationwide only with prior Central Registrar approval, subject to proper functioning.