Section 16 in The Assam State Co-operative Agriculture and Rural Development Bank Limited
16. Share capital.
- The authorised and issued share capital of the bank shall be Rs. 20.00 crores (Rupees twenty crores) made up of 39,00,000/- (Thirty nine lakhs) fully paid share of Rs. 50.00 each open to category of members as per Bye-law No. 6(i) and 10,00,000/- (Ten lakhs) shares of Rs. 5/- each open to nominal members. The Bank may receive from Government as share capital contribution such sum on such terms and conditions as may be decided by the Government.
