(1) When an order of moratorium has been made by the Central Government under
sub-section (2) of section 45 of the Banking Regulations Act, 1949 (10 of 1949) in
respect of a co-operative bank, the Registrar, with the previous approval of the
Reserve Bank in writing, may, during the period of moratorium, prepare a scheme -
(a) for the reorganisation of the co-operative bank; or
(b) for the amalgamation of the co-operative bank with any other co-operative
bank.
Section 18 • THE DELHI CO-OPERATIVE SOCIETIES ACT, 2003
Section 18. Registrar to prepare scheme of amalgamation of co-operative bank in certain.
the-delhi-co-operative-societies-act-2003-sec-18.json
•
Section 18
{
"act_title": "THE DELHI CO-OPERATIVE SOCIETIES ACT, 2003",
"act_slug": "the-delhi-co-operative-societies-act-2003",
"section_label": "Section",
"section": {
"number": "18",
"title": "Section 18. Registrar to prepare scheme of amalgamation of co-operative bank in certain.",
"chapter": null,
"content": "(1) When an order of moratorium has been made by the Central Government under \nsub-section (2) of section 45 of the Banking Regulations Act, 1949 (10 of 1949) in \nrespect of a co-operative bank, the Registrar, with the previous approval of the \nReserve Bank in writing, may, during the period of moratorium, prepare a scheme - \n(a) for the reorganisation of the co-operative bank; or \n(b) for the amalgamation of the co-operative bank with any other co-operative \nbank.",
"footnote": "",
"is_definition": false,
"sort_order": 200
},
"prev_section": "17",
"next_section": "19"
}