AThe Central Government
BThe National Co-operative Development Corporation
CThe Reserve Bank of India
DThe State Co-operative Union
Answer:
D. The State Co-operative Union
Read Explanation:
Sec-12 Amendment of Byelaw
Byelaw:
"Byelaw" means the registered byelaw of a cooperative society for the time being in force.
Bye-law (Constitution):
The byelaw is considered the constitution of a cooperative society, defining its objectives, powers, and operational framework.
Byelaw Amendment:
"Byelaw amendment" refers to any change or modification in the constitution or existing byelaws of a cooperative society.
Scope of Byelaws:
Byelaws deal with the internal management of the cooperative society, including membership, governance, meetings, elections, rights and responsibilities of members, and financial procedures.
Competent Authority for Amendment:
The General Body of the cooperative society is the competent authority to amend its byelaws, subject to statutory procedures and approvals as prescribed under the relevant Cooperative Societies
Sec 12(1) Amendment of any bye-law of a society shall be valid unless such amendment has been registered under this Act.
Sec 12(2) The provisions of section 7 specifying the conditions to be satisfied before registration of the bye-laws of a society by the Registrar shall mutatis mutandis, apply also to the registration of amendments to bye-laws.
Provided that the Registrar shall before registering an amendment of any bye-law consult-
(a)the State Co-operative Union if the bye-laws to be amended are that of an apex society or a central society; or
(b)the circle co-operative union if the bye-laws that are to be amended are that of any other society; and
(c)the financing bank if the society is indebted to the financing bank.