Section 122
Central Government’s power to give directions to specified multi-State co-operative societies in public interest.
The Multi-State Co-operative Societies Act, 2002
About this Act
An Act to consolidate and amend the law relating to co-operative societies, with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of co-operative s as peoples institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy and for matters connected therewith or incidental thereto.
If the Central Government is satisfied that in the public interest or for the
purposes of securing proper implementation of co-operative production and other developmental
programmes approved or undertaken by the Central Government or to secure proper management of the
business of the specified multi-State co-operative societies generally or for preventing the affairs of such
society being conducted in a manner detrimental to the interests of the members, any depositors or
creditors thereof, it is necessary to issue directions to any class of specified multi-State co-operative
societies generally or to any specified multi-State co-operative society or societies in particular, the
Central Government may issue directions to it or to them, from time to time, and all such specified multiState
co-operative society or the societies concerned, as the case may be, shall be bound to comply with
such directions.