Home>>Bare Acts>>Back to Index



15. Central Registrar to prepare scheme of amalgamation or reorganisation of cooperative bank in certain cases.- When an order of moratorium has been made by the Central Government under sub-section (2) of section 45 of the Banking Regulation Act, 1949 in respect of a cooperative bank, the Central Registrar, with the previous approval of the Reserve Bank in writing, may, during the period of moratorium, prepare a scheme -

(a) for the amalgamation of the cooperative bank with any other cooperative bank; or

(b) for the reorganisation of the cooperative bank.





Central Bare Acts
State Bare Acts





Home | Law Dictionary | Law Schools | Law Digest | Bare Acts | Disclaimer |  Privacy Policy




Copy right : Indu Info (All rights reserved)