MSCS Act 2002: Key Provisions Explained
The Multi State Cooperative Societies Act 2002 governs all cooperative societies operating in more than one state in India.
Key Provisions
- Minimum 50 members from 2+ states for registration
- Central Registrar must decide within 4 months
- Annual audit mandatory within 6 months of year end
- AGM required within 6 months of financial year end
- Board elections every 5 years
MSCS Amendment Act 2022
The 2022 amendment established the Cooperative Election Authority and strengthened audit requirements.
Talk to our experts for compliance guidance.