The Madras High Court recently observed that the exemption from payment of stamp duty granted by the government under the Tamil Nadu Cooperative Societies Act is not applicable to societies.
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The Joint Parliamentary Committee tasked with reviewing the MSCS Amendment Act 2022, met representatives of several co-op bodies last week to seek their views on various aspects of the new law, before finalizing its report to be placed in the Parliament. Though none of those who appeared before the JPC were willing to say anything