Section 19 of MSCS Act, 2002 : Section 19: Promotion Of Subsidiary Institution
MSCS Act, 2002
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Explanation using Example
Imagine a multi-state cooperative society called "GreenFarm Co-op" that operates across several states in India, primarily engaged in organic farming and selling organic produce. To expand its reach and support its members more effectively, GreenFarm Co-op decides to promote a new subsidiary institution, "GreenLogistics," to handle the distribution and marketing of its products.
At the next general meeting, the members of GreenFarm Co-op vote, and a majority of the members present and voting agree to establish Gree...
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