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    <title>Karnataka Souharda Cooperative Amendment Bill defeated in Council</title>
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    <description>The Legislative Council&#039;s defeat of the Karnataka Souharda Cooperative (Amendment) Bill prevented enactment of proposed rules requiring cooperative societies to maintain a specified liquidity reserve treated as statutory liquid assets, to seek registrar approval for certain bank investments, to comply with amended investment provisions, to file enhanced annual declarations, and to submit to more frequent mandatory audits.</description>
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