Lawgist20Liability of a co-operative bank to Deposit Insurance and Credit Guarantee Corporation
Notwithstanding anything contained in section 17 or any other provision of this Act, where a co-operative bank, being an insured bank within the meaning of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961), is amalgamated or reorganised and the Deposit Insurance Corporation has become liable to pay to the depositors of the insured bank under sub-section (2) of section 16 of that Act, the bank with which such insured bank is amalgamated or the new co-operative bank formed after such amalgamation, or, as the case may be, the insured bank or transferee bank shall be under an obligation to repay to the Deposit Insurance Corporation in the circumstances, to the extent and in the manner referred to in section 21 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961.
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- 4 Central Registrar
- 5 Multi-State co-operative societies which may be registered
- 6 Application for registration
- 7 Registration
- 8 Registration certificate
- 9 Multi-State co-operative society to be body corporate
- 10 Bye-laws of multi-State co-operative societies
- 11 Amendment of bye-laws of a multi-State co-operative society
- 12 When amendment of bye-laws comes into force
- 13 Change of name
- 14 Change of address
- 15 Publication of name by multi-State co-operative society
- 16 Liability
- 17 Amalgamation or transfer of assets and liabilities, or division of multi-State co-operative societies
- 18 Central Registrar to prepare scheme of amalgamation or reorganisation of a co-operative bank in certain cases
- 19 Promotion of subsidiary institution
- 20 Liability of a co-operative bank to Deposit Insurance and Credit Guarantee Corporation
- 21 Cancellation of registration certificate of multi-State co-operative societies in certain cases
- 22 Conversion of a co-operative society into a multi-State co-operative society
