Multi-State Co-Operative Societies Act, 2002
Section - 18 - Central registrar to prepare scheme of amalgamation or reorganisation of a co-operative bank in certain cases
Central registrar to prepare scheme of amalgamation or reorganisation of a co-operative bank in certain cases18. When an order of moratorium has been made by the Central Government under sub-section (2) of section 45 of the Banking Regulation Act, 1949 (10 of 1949) in respect of a co-operative bank, the Central Registrar, with the previous approval of the Reserve Bank in writing, may, during the period of moratorium, prepare a scheme-
| (a) | - | for the amalgamation of the co-operative bank with any other co-operative bank; or |
| (b) | - | for the reorganisation of the co-operative bank. |
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