Multi-State Co-operative Societies Act : Winding up of co-operative bank at the direction of Reserve

Multi-State Co-operative Societies Act,2002

Act No : 39

Section : Winding up of co-operative bank at the direction of Reserve Bank.

87. Winding up of co-operative bank at the direction of Reserve Bank.-Notwithstanding anything to the contrary contained elsewhere in this Act, the Central Registrar shall make an order for the winding up of a co-operative bank, if so required by the Res rve Bank in the circumstances mentioned in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961).