Taking lead from CM, Neeraj K Pawan shuts door on registration of new credit cooperatives

Jaipur: Towing a tough Ashok Gehlot line to introduce maximum legal restrictions and to curb frauds and malpractices in the area of credit cooperative societies, Registrar cooperatives Neeraj K Pawan formally announced on Friday the Gehlot government’s desire to put a ban on the registration of new credit cooperative and multi-state cooperative societies.

He also announced to introduce a regular audit system of credit cooperative societies by cooperatives department.

The state government has taken a big decision by imposing a stay on the registration of Credit Cooperative Society and Multi State Cooperative Society in the state. Now, there will be no registration of such societies in the state and all such societies registered in past will be audited by the Cooperative Department itself, so that deposited capital of investors can be protected.

Not only this, after a thorough investigation of these societies, the department will attach the property of societies with irregularities and FIR will be lodged. Registrar Neeraj K Pawan gave this information in the review meeting of various societies held on Friday. Registrar Pawan has imposed a stay on the registration of new cooperative societies. The step has been taken against the cooperative societies in order to protect the money of the investors.

Actually, after constant complaints from PMO and CMO, the state government has decided to ban the Credit Cooperative and Multi-State Cooperative societies in the state. Chief Minister Ashok Gehlot had called Registrar Pawan during the Jodhpur visit and directed to take action to curb such fraudulent societies as soon as possible.

The meeting was attended by divisional additional registrar, sub-registrars of all districts and chief
executive officers of credit cooperative societies among others, at Sahkar Bhavan on Friday.