The Cooperative Act 1945

The Cooperative Act of 1945 is a legal framework in India that governs the formation, registration, operation, and regulation of cooperative societies. These societies are member-based organizations formed to meet common economic, social, or cultural needs, such as agriculture, housing, or credit. The Act ensures that cooperatives are managed democratically, transparently, and are accountable to their members. It sets out procedures for registration, governance, members' rights, and dispute resolution, aiming to promote cooperative principles, protect members' interests, and foster socio-economic development through collective effort.