120B. Application of Banking Regulation Act, 1949
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.
Amendment notes (1)
- Ins w.e.f. 3-8-2023 . Ins. by s. 44, ibid. (w.e.f. 3-8-2023).