Improving governance of non-profit entities
The number of registered societies has increased manifold in the last 20 years, and the estimated total value of output of the 31.7 lakh societies registered in India is Rs 41,292 crore. During the course of explosive expansion of societies, many problems have become apparent. Many of the societies have multistate operations; however, the regulation is premised on the assumption of local nature of operations
Check the source here –Source, Financial Express.