Government planning to amend the MSCS Act, 2002

The current regulations for multi-state cooperative societies in India have many gaps. Critically analyze the statement of the recent government decision to amend the Multi-State Cooperative Societies (MSCS) Act, 2002. (250 Words) 

Approach:

• Introduce by giving a definition of Multi state cooperative societies.
• Enumerate the gaps in current regulations for MSCS.
• Enumerate the recent amendments introduced by the Government and their significance
• Enumerate the problems with the amendment
• Way forward and Conclusion