Banking Regulation Act,1949

Act No : 10

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Section : Act to apply to co-operative socities in certain cases.

8*[3. Act to apply to co-operative societies in certain cases.- Nothing in this Act shall apply to-- (a) a primary agricultural credit society; (b) a co-operative land mortgage bank; and ---------------------------------------------------------------------- 1. This Act has been extended to Goa, Daman and Diu by Reg. 11 of 1963 s. 3 and Sch. and to Dadra and Nagar Haveli (w.e.f. 1-7-1965) by Reg. 6 of 1963 s. 2 and Sch. I. Nothing contained in this Act, except section 34A, shall apply to the Development Bank; vide Act 18 of 1964, s. 34. 2. The word "companies" omitted by Act 23 of 1965, s. 10 (w.e.f. 1- 3-1966). 3. Subs. by s. 11, ibid., for "Companies" (w.e.f. 1-3-1966). 4. Subs. by Act 20 of 1950, s. 2, for the former sub-section. 5. The words "except the States of Jammu and Kashmir" omitted by Act 62 of 1956, s. 2 and Sch. (w.e.f. 1-11-1956). 6. 16th March, 1949, see Notification No. F. 4 (46)-F-1/49, dated the 10th March, 1949, Gazette of India, 1949, Pt. I, p. 326. 7. Subs. by Act 95 of 1956, s. 14 and Sch., for "Indian Companies Act, 1913 (7 of 1913)" (w.e.f. 14-1-1957). 8. Subs. by Act 23 of 1965, s. 12, for s. 3 (w.e.f. 1-3-1966). 50 (c) any other co-operative society, except in the manner and to the extent specified in Part V.]

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