Q. What were the possible reasons for the introduction of 97th Constitutional Amendment Act of 2011, about cooperative societies in India?
1. To make cooperative societies more democratic and member oriented.
2. To make it easier for multinational corporations to enter the cooperative sector.
3. To ensure the accountability of management to the members of the society.
4. To keep the co-operatives free from unnecessary outside interferences.
Select the correct answer using the code given below.
Exp) Option c is the correct answer.
The Constitution (97th Amendment Act), 2011 makes provisions for Co-operative societies in India. The Amendment provided legal status and protection to Cooperative societies in India.
Statement 1 is correct: Co-operatives need to run on wellestablished democratic principles and elections held on time and in a free and fair manner. The Act aimed at serving the interests of members and public at large and also aims to ensure their autonomy, democratic functioning and professional management.
Statement 2 is incorrect: There is no such provision related to multinational corporations.
Statement 3 is correct: It was expected that these provisions will not only ensure the autonomous and democratic functioning of co-operatives, but also ensure the accountability of management to the members and other stakeholders.
Statement 4 is correct: A strong need has been felt for amending the Constitution to keep the co-operatives free from unnecessary outside interferences and to ensure their autonomous organizational set up and their democratic functioning.
| Important Tips Reservation in Co-operative societies The state legislature shall provide for the reservation of one seat for the Scheduled Castes or the Scheduled Tribes and two seats for women on the board of every co-operative society having members from such a category of persons. |
