According to the seventh schedule of the Indian Constitution, 'Co-operative societies' comes under the legislative jurisdiction of:

Correct option is C

The correct answer is (c) State Legislature Only

Explanation:

• In the Seventh Schedule of the Indian Constitution, 'Co-operative societies' is listed under Entry 32 of the State List (List II).

• This means that the State Legislature has the exclusive power to make laws regarding the incorporation, regulation, and winding up of cooperative societies.

• However, if a cooperative society has objects extending beyond one state, it is called a Multi-State Co-operative Society, which falls under the Union List.

• The 97th Constitutional Amendment (2011) added Part IX-B to the Constitution specifically for cooperative societies.

• This amendment also made the formation of cooperative societies a Fundamental Right under Article 19(1)(c).

Information Booster:

• The Supreme Court in 2021 struck down parts of the 97th Amendment that applied to state cooperative societies because it was passed without ratification by half of the states.

Additional Knowledge:

Parliament of India Only (Option a)

• This applies to subjects in the Union List (List I) like Defence, Railways, and Banking.

Both Parliament and State Legislature (Option b)

• This applies to subjects in the Concurrent List (List III) like Education, Forests, and Marriage