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1[120B. Application of Banking Regulation Act, 1949.--The provisions of this Act shall apply to a
multi-State co-operative society in respect of matters relating to incorporation, regulation and winding up:
Provided that in case of a multi-State co-operative society carrying on the business of banking, the
provisions of the Banking Regulation Act, 1949 (10 of 1949) shall also apply.]
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