CO-OPERATION FOOD AND CONSUMER PROTECTION DEPARTMENT - Amendment to the Tamil Nadu Co-operative Societies Rules

**Executive Summary** This document is the Tamil Nadu Government Gazette, published on May 10, 2023. It contains notifications by the government, specifically an amendment to the Tamil Nadu Co-operative Societies Rules, 1988. The amendment, issued under G.O. Ms. No. 52, modifies the composition of Functional Directors in Schedule II, Part A, Serial No.1, item (3) of the rules. **Key Points / Main Content** * **Amendment to the Tamil Nadu Co-operative Societies Rules:** * This notification amends the Tamil Nadu Co-operative Societies Rules, 1988, under the powers conferred by sub-sections (1), (2), and (3) of Section 180 of the Tamil Nadu Co-operative Societies Act, 1983. * **Composition of Functional Directors:** * The amendment replaces the existing item (3) in Schedule II, Part A, Serial No.1, with the following composition for the Seven Functional Directors: * One representative of the Finance Department of the Government. * One representative of the National Bank for Agriculture and Rural Development; Chennai. * One representative of the Tamil Nadu Handloom Weavers Co-operative Society Limited, Chennai. * One representative of the Tamil Nadu State Co-operative Agriculture and Rural Development Bank, Chennai. * Additional Registrar of Co-operative Societies (Finance and Banking), office of the Registrar of Co-operative Societies, Chennai. * The Managing Director of the Bank. * The General Manager of the Bank holding the portfolio of Advances. **Impact Analysis** **Tamil Nadu Co-operative Societies** * **Impact:** The composition of the Functional Directors is changed, which could impact the decision-making and governance of the societies. * **Action Required:** Societies need to be aware of the new composition of the Functional Directors and adjust their internal processes accordingly. **Finance Department of the Government** * **Impact:** The Finance Department will be represented by one director. * **Action Required:** The Finance Department should nominate a representative to serve as a Functional Director. **National Bank for Agriculture and Rural Development** * **Impact:** The National Bank for Agriculture and Rural Development will be represented by one director. * **Action Required:** The National Bank for Agriculture and Rural Development should nominate a representative to serve as a Functional Director. **Tamil Nadu Handloom Weavers Co-operative Society Limited** * **Impact:** The Tamil Nadu Handloom Weavers Co-operative Society Limited will be represented by one director. * **Action Required:** The Tamil Nadu Handloom Weavers Co-operative Society Limited should nominate a representative to serve as a Functional Director. **Tamil Nadu State Co-operative Agriculture and Rural Development Bank** * **Impact:** The Tamil Nadu State Co-operative Agriculture and Rural Development Bank will be represented by one director. * **Action Required:** The Tamil Nadu State Co-operative Agriculture and Rural Development Bank should nominate a representative to serve as a Functional Director. **Registrar of Co-operative Societies** * **Impact:** The Additional Registrar of Co-operative Societies (Finance and Banking), office of the Registrar of Co-operative Societies, Chennai is represented. * **Action Required:**The Additional Registrar of Co-operative Societies (Finance and Banking), office of the Registrar of Co-operative Societies, Chennai should assign an Additional Registrar of Co-operative Societies (Finance and Banking) to serve as a Functional Director. **The Bank (referred to in the act)** * **Impact:** The Managing Director of the Bank will act as a representative and The General Manager of the Bank holding the portfolio of Advances will act as a representative. * **Action Required:** The Managing Director of the Bank and The General Manager of the Bank holding the portfolio of Advances, should be aware of their appointment.

Key Entities Referenced