Section 138. Power of the Registrar to give directions to the co-operative banks.

The Registrar may generally or in any particular matter under this Act or for
enforcement of directions of the Reserve Bank to protect the interest of members
and depositors of the co-operative banks licensed by the Reserve Bank and
registered under this Act or operating in Delhi under the Multi-State Co-operative
Societies Act, 2002 (39 of 2002), issue such orders or directions as he may
consider necessary to a co-operative bank or banks and thereupon such co-
operative bank shall give effect to such orders or directions and shall report to him
the compliance within the time specified in the order or direction.