Q. Consider the following statements with reference to cooperative societies:
1. Cooperative Societies come under the Concurrent List of the Constitution of India.
2. The authority of the Union Government is restricted only to multi-state cooperatives.
Which of the statements given above is/are correct?
Answer: B
Notes:
Exp) Option b is the correct answer.
Statement 1 is incorrect: The item “Cooperative Societies” is a State Subject in the 7th Schedule under entry 32 of the State List in the Constitution of India. It confers power on the State legislatures to make laws pertaining to incorporation, regulation and the winding up of cooperative societies.
Statement 2 is correct: In a recent judgement the Supreme Court has clarified that the Centre’s role is restricted only to multi-State cooperatives. It said that, the subject matter of cooperative societies working within a state fell in the state list, and “belongs wholly and exclusively to the State legislatures to legislate upon”.
