- The bye laws of a co-operative society may be amended only if the amendment has been registered under this Act.
- The proposal for every amendment must be forwarded to the Registrar. The Registrar must be satisfied that-
- The amendment is not in violation of this Act;
- It does not conflict with co-operative principles; and
- It will promote the economic interests of the members of the society.
If the amendment satisfies these conditions, the Registrar may register it.
After registering the amendment, he must sign a certificate registering the amendment, and forward a copy of the certificate to the concerned co-operative society.
When the Registrar intends to refuse permission to amend the bye laws, he must communicate his refusal to the concerned co-operative society, along with the reasons behind his refusal.