The Government of Goa on September 24, 2026, issued the Goa Co-operative Societies (Amendment) Bill, 2026 to further amend the Goa Co-operative Societies Act, 2001.
The following amendments have been stated:
• In Section 2 of the Goa Co-operative Societies Act, 2001 (Goa Act 36 of 2001) (hereinafter referred to as the “principal Act”), in Clause (43), after the words “this Act”, the words “and includes multipurpose society or any other society as may be notified by the Government from time to time” shall be inserted.
• In Section 6 of the principal Act, after second proviso, the following proviso shall be inserted, namely:—
“Provided also that dwelling units constructed prior to coming into force of the Real Estate (Regulation and Development) Act, 2016 (Central Act 16 of 2016), and having three or more dwelling units in such building who could not form any type of housing society as specified under this Act or rules framed thereunder, may appoint a person among themselves as chief promoter to file an application before Registrar of Co-operative Societies accompanied by Notarized copies of Agreements, registered or unregistered instrument of sale or conveyance Deed executed by builder and/or land owner, in favour of such apartment or flat owners evidencing transfer of property, rights therein and payment of consideration. Such application shall be filed by Chief Promoter not later than the date as shall be notified by the Government, alongwith such other documents as may be prescribed and the occupancy certificate, if any, issued by local authority.
• In Section 28 of the principal Act, in sub-section (9), after the proviso, the following Explanation shall be inserted, namely:—
“Explanation.— For the purposes of this section, conducting meeting virtually shall be considered as valid. However, while election of board members vote shall be exercised personally.”
• In Section 28A of the principal Act, the following proviso shall be inserted, namely:—
“Provided that in case of a cooperative bank, restriction on holding of shares by a member thereof shall be as specified by the Reserve Bank of India from time to time”.
In Section 59 of the principal Act, in sub-section (6), for the first proviso, the following proviso shall be substituted, namely:—
“Provided that, every member of the Board of Directors shall submit a self declaration cum undertaking within fifteen days from assuming the office, in such form as may be prescribed. Any member of the Board of Directors who fails to submit such declaration within specified period shall be deemed to have vacated his office. Such member shall also file annual returns about their movable and immovable property, loan transactions and their dealings with the other societies/banks in the form specified by the Registrar from time to time depending upon the type of society:”;
[Bill No. 60 of 2026]
