As per preamble to the copies of bye-laws to be open to inspection of multi state cooperative society, the Act is consolidate and amend the law relating to cooperative 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 cooperatives as people’s institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide financial autonomy and for matters connected therewith and incidental thereto. Cooperative Society can be formed under Multi State Cooperative Societies Act. multi state cooperative societies Act, 2002 has received President’s assent. The Act will supersede 1984 Act when brought into force. Under the Act, there will be Central Registrar overseeing and regulating multi state cooperative societies. Under the Act, a quasi judicial authority titled the Cooperative Disputes Settlement Authority will be set up to replace existing system of such settlement by Central Registrar. This is intended to ensure quicker and more judicious settlement of disputes. The Act applies to all cooperative societies with objects not confined to one State. It includes societies which were incorporated under Cooperative Societies Act 1912 & earlier multi state cooperative societies formed under 1942 or multi state cooperative societies Act 1984, unless the context otherwise requires act.