Which Constitutional Amendment Act provided constitutional status to cooperative societies by adding Article 43B and inserting Part IXB?

💡 Solution & Explanation

The Ninety-Seventh Constitutional Amendment Act of 2011 introduced significant changes by inserting Part IXB and Article 43B into the Constitution, giving constitutional status and protection to cooperative societies. Amendments such as the 73rd and 74th Acts enacted in 1992 focused exclusively on rural Panchayats and urban local bodies respectively. This amendment aimed to promote voluntary formation, democratic functioning, and professional management of cooperatives. The Supreme Court later struck down a portion of this amendment relating to intra-cooperative management matters.