The settlement of disputes for cooperative society sector, over the years, has made significant contribution to various sectors of national economy and has achieved voluminous growth. However, it has shown weaknesses in safeguarding the interests of the members and fill. Filament of objects for which these institutions were organized. There have been instances where elections have been postponed indefinitely and nominated office bearers or administrators remaining in charge of these institutions for a long time. This reduces the accountability of the management of co-operative societies to their members. Inadequate professionalism in management in many of the cooperative institutions has led to poor services and low productivity. Maximum credit cooperative societies need to run on well established democratic principles and elections held on time and in a free and fair manner. Therefore, there is a need to initiate fundamental reforms to revitalize these institutions in order to ensure their contribution in the economic development of the country and to serve the interests of members and public at large and also to ensure their autonomy, democratic functioning and professional management. Meanwhile, impact of the globalization process resulted in liberalization of trade in agriculture commodities, forcing agricultural markets all over the world to undergo major changes. In India too, integration and strengthening of the existing agricultural marketing system was necessitated in multi state cooperative society. Therefore reforms are now being initiated to enable the farming community to benefit from the opportunities of the new global market access by reducing controls on markets; making the system conducive for competition; bringing about professionalism in the management of existing market yards and market fee structure and at the same time placing adequate safeguards to avoid any exploitation of farmers by the private trade and industries. In this regard, with the view to facilitated State Government to make necessary amendments to existing provisions of their respective marketing Acts, the State Govt. of India, Ministry of Agriculture, drafted a model legislation titled the State Agricultural Produce Marketing (Development and Regulation) Act, 2003 which has incorporated appropriate provisions in consonance with the needs of a changed market environment. The draft legislation was accepted in principle by most of the State Governments, subject to minor regional and deviations. It is expected that these provisions will not only ensure the autonomous and democratic functioning of cooperatives but also ensure the accountability of management to the members and other stakeholders and shall provide for deterrence for violation of the provisions of the law.