Section 124 of MSCS Act, 2002 : Section 124: Power To Make Rules

Explanation using Example

Imagine a group of farmers in a rural area want to form a multi-state cooperative society to improve their marketing and distribution of organic produce. They need to register their cooperative under the Multi-State Co-operative Societies Act, 2002. To do so, they must follow the rules set out by the Central Government, which are detailed in Section 124 of the Act.

For instance, when they apply for registration under Section 6, they must use a specific form, provide certain particulars, and comply with the conditions that are prescribed by the rules made under Section 124(1). These rules ensure that the application process is standardized across different states and that all necessary information is provided for the registration process.

Once registered, if the cooperative society wants to amend its bye-laws, they must again adhere to the rules regarding how to communicate the refusal to register any amendment, as stated in Section 124(2)(c) and (f). This ensures transparency and clarity in the process of amending bye-laws.

Furthermore, if the cooperative society decides to change its liability structure, there are procedures and conditions they must follow as per the rules made under Section 124(2)(e). This could be critical for the society's financial planning and risk management.

These examples illustrate how Section 124 of the Multi-State Co-operative Societies Act, 2002, provides a framework for the Central Government to create detailed rules for the practical functioning and governance of multi-state cooperative societies.