The Union Ministry of Cooperation released a circular for seeking comments or suggestions in the context of drafting norms for fit and proper criteria for Chief Executive Officers of Multi-State Credit Societies.
The circular was released on Monday with the title, “Comments/Suggestions on Fit and Proper Criteria for CEOs of Multi-State Credit Societies”.
It reads, “The Multi-State Cooperative Societies (MSCS) (Amendment) Act, 2023 has been notified vide gazette notification dated 03.08.2023 and the MSCS Amendment Rules, 2023 have been notified vide gazette notification dated 04.08.2023”.
“Now, in view of section 51(1A) (d) of the MSCS (Amendment) Act, 2023, a ‘fit and proper criterion’ for appointment of CEO is to be determined in case of multi-State credit societies”, it reads.
The circular further added, “In view of the above, suggestions received from NAFCUB on ‘Fit and Proper Criteria’ for appointment of CEO for multi-State credit societies are attached for furnishing your comments to this office within 15 days of this letter on email amit.sachdeva88@gov.in. This is issued with the approval of the Central Registrar of Cooperative Societies”, it concluded.
One can access the circular by clicking on the link given below.
Comments/Suggestions on Fit and Proper Criteria for CEOs of Multi-State Credit Societies