Nagaland state to have its own Co-Operative Laws

DIMAPUR, OCT 28 (MExN): The Nagaland State does not have its own Co-operative Societies Act even after 42 years of statehood and till date the Assam Co-Operative Societies Act (1) of 1950 & Rules were enforced by the state, stated S.Sale, Managing Director of Nagaland State Co-Op Bank Ltd(NSCB).

Taking the importance of enacting states’ own Co-Operative Societies Act, stated S.Sale,the state government has taken decision to appoint ProfessorK.Elumalai Phd.Law,a veteran academician and legal expert from Vaikuntha Mehta National Institute of Co-Operative Management, Pune for drafting of the state Acts.

He informed that ProfessorElumalai had a sequence of meetings with Parliamentary Secretary(co-operation), Principal Secretary, Law & Justice, Secretary Co-Operation and meeting with CRS and his Officers on October 24.

In this regard a joint meeting was organized on October 25 at NSCB Conference room Dimapur by the Registrar of Co-Op.Societies, Nagaland where seniors officials of Co-Operation Department  and the state/district level organization Viz:NSCB, MARCOFED, WAFED, NSCU, KOMUL, Urban Bank and Medziphema LAMPS etc had interaction and shared their views to Professor Elumalai and V. Kehie, RCS, Nagaland presided over the meeting said Sale.

Chief Executives and senior Executives of various Co-Op. Institutions offered their views in the meeting. S.Sale, M.D, NSCB, Imtila Jamir, Addl.RCS & M.D, MARCOFED, L.Ghosito, Chairman Urban Coop. Bank, Niza Angami, President NSCU, Aotoshi, G. M, Kumol, Lhozheto Sema, JRCS, Keviyanei, Chairman Medziphema LAMPS, T. Bangerloba, Chief Executive Officer NSCU,B.K.Thadani, GM NSCB,T.Imkonglemla Longkumer, CEO, UCB, B. Haque, Education Officer, NSCU and  G.B. Chetri, Addl. RCS offered the vote of thanks said the Managing Director.