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[Cites 0, Cited by 0] [Section 11A] [Entire Act]

State of Himachal Pradesh - Subsection

Section 11A(2) in Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979

(2)The bonds shall be in the form of promissory notes and shall be repayable on the expiry of such period or periods from the date of issue thereof as may be approved by the Reserve Bank of India or the National Bank for Agriculture and Rural Development :Provided that the Board may repay the amount due under the bonds at any time before the period or periods so fixed after issuing a notice in such manner as the Board may direct in that behalf to the holders of the bonds.