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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 Reserve Bank in the circumstances mentioned in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961).

Multi-State Co-operative Societies Act, 2002 Back

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