You are here

Registrar to prepare scheme of amalgamation

(1) When an order of moratorium has been made by the Central Government under sub-section (2) of section 45 of the Banking Regulations Act, 1949 (10 of 1949) in respect of a co-operative bank, the Registrar, with the previous approval of the Reserve Bank in writing, may, during the period of moratorium, prepare a scheme - 

(a) for the reorganization of the co-operative bank; or 

(b) for the amalgamation of the co-operative bank with any other co-operative bank.

Last Updated Date :- 09-05-2018

  • National Portal
  • Tender
  • NVSP
  • Digital
  • payment
  • Page last updated on: 10-11-2020