Section 78 in Multi State Co-Operative Societies Act, 1984
78. Winding up of Co-Operative Banks at the Direction of Reserve Bank.
- Notwithstanding anything to the contrary contained elsewhere in this Act, the Central Registrar shall make an order for the winding up of a co-operative bank. if so required by the Reserve Bank in the circumstances mentioned in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961-
