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Friday 14 October 2022

Section 72A of MCS ACT 1960 : Freedom of affiliation or disaffiliation with a federal structure of choice

72A.Freedom of affiliation or disaffiliation with a federal structure of choice

Notwithstanding anything contained in this Act or any other law for the time being in force, the co-operative credit structure entity shall have the liberty for the affiliation or disaffiliation with the federal structure of its choice :

Provided that, in the general meeting of the co-operative credit structure entity, a resolution for this purpose is passed by a majority of not less than 3/4th of the total members of such entity.