Considering the sections of the amendment of Multi State Cooperative Society Act, 2002 and rules made there under, there shall be such a governing body list for every cooperative society registered under MSCS Act, 2002 consisting of such number of members as specified in sub-section (3). The ordinary members of a Multi State Cooperative Society can pass a resolution in a general body meeting and shall elect directors who shall be management committee members. The board shall consist of such number of directors as may be mentioned in the bye-laws on the condition that the maximum number of directors in no case shall exceed 21. There is additional law which indicates that the board may co-opt two directors in addition to twenty-one directors. The functional directors in the national credit cooperative society are also eligible for becoming the members of the board and such members shall be excluded for the purpose of counting the total number of directors. Multi state cooperative societies Act, 2002 has received President’s assent. The Act has superseded 1984 Act when it was brought into force. Under this Act, there is a Central Registrar who oversees and manages multi state cooperative societies. Under the Act, a quasi-judicial authority titled the cooperative society Disputes Settlement Authority has set up to replace existing system of such settlement by Central Registrar. This is intended to ensure faster and more judicious settlement of disputes. This applies to all cooperative societies with objects not confined to one State. It includes societies which were registered under cooperative societies Act 1912 and previously registered multi state cooperative societies formed under 1942 or 1984 Act. A multi state society shall possess one Chief Executive. He or she shall be full time employee of the society. Chief Executive will be appointed by Board as per section 51(1). He will be member of Board and of executive committee and other committees of Board as per section 51(2). If Central/State Government holds 51% or more equity capital of multi state cooperative society, his salary and service conditions will be as prescribed by rules. Objects of Multi state cooperative societies will be a three tier structure. General body will consist of all ordinary members. A smaller body consisting of delegates of members can be formed and some powers can be delegated to the small body. They will elect Board of Directors to exercise overall control over operations. Day to day control will be exercised by Chief Executive who will be employee of the multi state cooperative society. For cooperative banking or cooperative society registration, you can get to know more information on https://80g.taxexemption.in