Union Home and Cooperation Minister Amit Shah stated that the Enforcement Directorate (ED) has conducted enquiries into four Multi-State Cooperative Societies, including two in Rajasthan, one in Gujarat, and one in Maharashtra, as per records available with the Central Registrar of Cooperative Societies (CRCS).
Explaining the regulatory framework, Shah emphasized that cooperative societies operating within a single state fall under the jurisdiction of the respective State/UT Governments, while Multi-State Cooperative Societies (MSCSs) are regulated by the Central Government under the Multi-State Cooperative Societies Act, 2002.
These societies function as autonomous cooperative organizations, accountable to their members and governed by their approved bye-laws.
Furthermore, Cooperative Banks, including Multi-State Cooperative Banks, are regulated by the Reserve Bank of India (RBI) under the Banking Regulation Act, 1949.
The RBI takes necessary actions against cooperative banks when irregularities in their operations are identified, ensuring compliance with banking regulations.
There is no enquiry lonch for The Akola Urban Co-operative multistate schedule bank ltd Akola(M.S.) -444001 uptil now asper complaint submit by myself since 2010.They not follow the Act/ Rules as per M SCS act 2002 When this multistate registration as Act 1984 new rules force in 2002.Upto act section 6 (a) I there is no member of other State . Even Election rules not Approved by Central Registrar NewDelhi It is seen thatthe Central Registrar NewDelhi has deliberately pass on the matter in unlawful activities of the bank