Co-operative Societies Act

The Co-operative Societies Act is a law that governs the formation, management, and operation of co-operative societies—member-owned organizations aimed at mutual benefit, like saving groups or agricultural co-ops. It sets out rules to ensure transparency, accountability, and fair practices among members and leaders. The Act details how societies are registered, how they manage their funds, conduct meetings, and handle disputes. Its purpose is to promote democratic, efficient, and sustainable co-operatives that serve the interests of their members and contribute to community development.