Maha Governor gives nod to amend Cooperative Societies Act
Maharashtra Governor C Vidyasagar Rao has signed the state government’s ordinance to amend the Maharashtra Cooperative Societies Act, 1960. The ordinance bars directors of mismanaged cooperative banks from contesting bank elections for two consecutive terms. “As a result...the earlier ordinance, which was extended twice...has been withdrawn,” state Cooperation Minister Subhash Deshmukh said.