To safeguard the rights of depositor/members of multi-State Cooperative Societies, various measures have been introduced through Multi-State Cooperative Societies (MSCS) (Amendment) Act & Rules, 2023

The Ministry of Law and Justice has introduced several measures via the Multi‑State Cooperative Societies (MSCS) (Amendment) Act & Rules, 2023 to protect depositor‑members of multi‑State cooperative societies. Key provisions include the appointment of a Co‑operative Ombudsman and an Information Officer, a strengthened audit framework with concurrent audits and uniform standards, mandatory disclosure of non‑unanimous board decisions, stricter disqualification and conflict‑of‑interest rules for directors, new prudential norms for societies engaged in thrift and credit, and expanded powers for the Central Registrar to investigate and wind up societies registered fraudulently. These steps aim to enhance transparency, governance and financial safety of cooperative societies.