Amendment status not verified — confirm the current text below against the official source.
Amendment of articles of association.––(1) A Cooperative may decide, by a special resolution to amend the provisions of its articles of association : Provided that the text of such proposed amendment with reasons therefor shall be sent to each member, along with the notice of the general meeting at which the proposed amendment is to be discussed. (2) A copy of any amendment shall be forwarded by the cooperative by registered post to the Registrar within a period of thirty days from the date of the general meeting at which the resolution was passed. 18 SELF-RELIANT COOPERATIVES ACT, 1999 (3) Every such information forwarded to the Registrar shall be signed by the President and two Directors and shall be accompanied by the following particulars :— (a) a copy of the resolution agreeing to the amendment ; (b) the date of the general meeting at which the amendment was approved ; (c) the date on which the amendment comes into force. (4) The Registrar shall take on record the amendment immediately on receipt of the notice : Provided that such action shall not preclude the Registrar from challenging the legal validity of the amendment before the Court, after giving the cooperative a fair opportunity to reconsider the amendment.