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Corporate Laws Karnataka Ministry of Corporate Affairs Karnataka Societies Registration Act, 1960

Government of Karnataka - The Karnataka Co-Operative Societies (Amendment) Act, 2025

12-Sep-2025 | DPAL 52 SHASANA 2025, BENGALURU

The Government of Karnataka has issued The Karnataka Co-Operative Societies (Amendment) Act, 2025, amending the provisions of The Karnataka Co-operative Societies Act, 1959. Key Highlights: a. Amended the explanation to section 20(2)(b)(v) which specifes that member of the co-operative society shall be declared as a defaulter, if he fails to pay the arrears at least 20 days (which was earlier 21 days) before the date of general meeting or the date of election of the members of board after a notice of not less than 30 days (which was earlier 45 days) has been issued to him in this behalf. b. Amended the provisions of section 28A(2), which specifies the Management of co-operative societies vest in the Board which consist of not less than thirteen members excluding the Chief Executive but not exceeding the number of members as may be prescribed. c. Insertion of new section 39AB regarding the declaration of Assets and Liabilities which specifies that every candidate contesting to the election of the board shall submit the declaration of assets and liabilities of his/her and his/her family during filing the nomination. d. Insertion of new section 53A which specifies Nomination of members of committee by the State Government in certain cases. Kindly refer to the attached document for more information.

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