LawgistThe Multi-State Co-operative Societies Act
87Winding 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 Reserve Bank in the circumstances mentioned in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961).
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WINDING UP OF MULTI-STATE CO-OPERATIVE SOCIETY
- 86 Winding up of multi-State co-operative societies
- 87 Winding up of co-operative bank at the direction of Reserve Bank
- 88 Reimbursement to the Deposit Insurance Corporation by liquidator
- 89 Liquidator
- 90 Powers of liquidator
- 91 Disposal of surplus assets
- 92 Priority of contributions assessed by liquidator
- 93 Power of Central Registrar to cancel registration of a multi-State co-operative society
