Odisha Governor gives assent to two bills

Bhubaneswar: Odisha Governor S C Jamir has given assent to Odisha State Cooperative (Amendment) Bill-2013 and Odisha Self-Help Cooperative (Repeal) Bill – 2013, official sources said today.
Jamir cleared both the Bills which were passed by Odisha Legislative Assembly (OLA) during its recently concluded session.
Repealing Odisha Self-Help Co-operative Act, 2001, Odisha Government had promulgated an Ordinance, which ended on October 1 and now with Governors assent, the Bill turns into an Act.
The ordinance had been promulgated with a view to bringing all the co-operatives registered bodies under the Act within the purview of the Odisha Cooperative Societies Act, 1962, so as to have a single cooperative Act in the state as per the Constitution of India.
The ordinance was challenged in a writ petition filed in the Orissa High Court by Pandit Dindayal Multi-Purpose Co-operative Society Limited of Basta in Balasore district.
Earlier the Governor had signed the Odisha Self Help Cooperatives (Repeal) Ordinance, 2013, and the Department of Cooperation notified it in the State Gazette.
With this new Act coming into effect, all the 1634 self help cooperatives will go for amendment in their Articles of Associations and reconstitute Board of Directors, said an official.
If they fail to do so, these cooperative organisations will be taken over by the Registrar of Cooperative Societies of Odisha to amend such changes in the organisations as per the provisions of the Odisha Cooperative Societies Act, 1962, which has been recently amended in conformity with the 97th amendment of the Constitution.
With the Governor's ascent the State Government can now take up audit of these cooperatives and examine their Books of Accounts, said an official.
Of the 1634 Cooperative societies there are about 1000 such Credit Cooperative Societies, which are involved in chit fund activities, said an official.
By virtue of the new act, the government would have provisions of restraining these organisations from duping the hapless investors.