Section 120B of the Multi-State Co-operative Societies Act, 2002 – Application of Banking Regulation Act, 1949

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Section 120B: Application of Banking Regulation Act, 1949

The provisions of this Act shall apply to a multi-State co-operative society in respect of matters relating to incorporation, regulation and winding up: Provided that in case of a multi-State co-operative society carrying on the business of banking, the provisions of the Banking Regulation Act, 1949 (10 of 1949) shall also apply.

Source: official text of The Multi-State Co-operative Societies Act, 2002 as published on India Code (PDF). All sections of the Multi-State Co-operative Societies Act, 2002.

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