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What body does the Multi-State Cooperative Societies (Amendment) Act, 2023 create, and what is its purpose?

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1. What body does the Multi-State Cooperative Societies (Amendment) Act, 2023 create, and what is its purpose?

A Cooperative Election Authority, to conduct fair elections for MSCS boards

A Cooperative Finance Commission, to set interest rates

A Cooperative Ombudsman, to resolve member complaints

A National Cooperative Council, to draft new cooperative laws

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