Archive · 19 Aug 2025
Amit Shah: Liquidators Appointed for Maharashtra Cooperative Societies
The government is taking action to help members of four cooperative societies in Maharashtra get their money back.
After complaints, inspections found problems.
Because the societies didn't give good answers, the government is now selling off their assets.
Liquidators are in charge of making sure the members get paid quickly.
New rules are also in place to protect people who have put money into these groups.
Liquidators appointed for four Maharashtra multi-state cooperative societies.
The liquidations aim to ensure timely payments to members.
The decision follows inspections and unsatisfactory replies from the societies.
Winding up orders were issued under the Multi-State Cooperative Societies Act, 2002.
The Multi-State Cooperative Societies (MSCS) (Amendment) Act & Rules, 2023, includes provisions to safeguard depositors.
- Who
- Cooperation Minister Amit Shah.
- What
- Appointment of liquidators for four multi-state cooperative societies.
- When
- Announced on Tuesday, August 19th.
- Where
- New Delhi.
- Why
- To ensure timely payment to members.
- Societies Affected
- Jijau, Dnyanradha, Shubh Kalyan, Rajasthani
- Action Taken
- Winding up orders & appointment of liquidators
- Legal Basis
- Multi-State Cooperative Societies Act, 2002
