New Delhi, Aug 8 : The Union Cabinet today gave its approval for moving certain official amendments in the Constitution (One Hundred and Sixth Amendment) Bill, 2006 pending in Lok Sabha.
This decision will give benefits like empowerment of cooperatives by inserting article 43B in Part-IV of the Constitution providing for their voluntary formation, autonomous functioning, democratic control and professional management.
Audit by independent auditors or Auditing firms out of the panel approved by State Government or an authority authorized by the Government in this behalf.
Free and fair elections to be conducted by an independent body.
The Directors in the Cooperative Societies will also include two women and one Scheduled Caste representatives.