Monday, November 12, 2012
Ground news on cooperatives and NGOs-29 Oct 2012
Some ground news about cooperatives and public societies/charitable trusts:
The much acclaimed and written about liberal law of cooperatives in AP (in short known as MACS Act or 1995 Act) has been threatened for existence under the late CM YSR! This threat from the AP govt continues even after his demise!
The government and its officials want the cooperatives to contribute funds to the much defunct state Coop Union and trying to enforce that even the statutory audit needs to be conducted by department officers!
At another level, I heard from Chartered Accountant friend that the AP govt is trying to get into the public societies and charitable trusts by way of nominating its officers into the society/trust board.
Way to go for the AP govt!
May be I am the last one to know about these! Since I have not seen any related posts in FB, am just trying to place the context before the FB circle!
Understand that some popular cooperators and civil societies' activists are trying to thwart these measures by using all sorts of options including appealing before Supreme Court!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment