Section 64(d) MSCS Act

Multi-State Cooperative Societies (MSCS) play a pivotal role in fostering economic growth across regions, but recent Supreme Court rulings have reinforced stringent regulations surrounding their operations.The Court upheld a significant decision affirming that MSCS are restricted from investing in ventures outside their specified ‘same line of business,’ a provision outlined in Section 64(d) of the MSCS Act, 2002.