(1) No society in Co-operative Credit Structure shall be exempted by the State Government in any manner from the application of the provisions of this chapter without prior approval of the Reserve Bank or the National Bank.
The State Government shall not do anything or take any action or issue any order or directive which may have effect of curtailing any of the freedoms or powers given under this chapter to the societies in Co-operative Credit Structure or adversely affect the operation of the provisions of this chapter.]
4H [150. Promotion of Cooperative Socities: The State shall endeavour to promote voluntary formation, autonomous functioning, democratic control and professional management of Co-operative Societies.]
NOTE 1 [Inserted by 1989 Amendment Act. s2 wef 1/4/2019] 2 [Insertion of new proviso to sub-section (1) of section 6 by 1992 Amendment Act .s.2wef 1.2.1993 3[1nserted of new sections 136,137,138, 139,, 140,141,142,143, 144,145,146,147,148 by 2010 Amendment Act. s2 wef 11/5/2010.
4A [Substitution of s2(28) by 2013 Amendment Act.s.2(i)wef 12/2/2013 48 [Substitution of s2(31) by 2013 Amendment Act.s.2(ii) 4C [Insertion of new sub-section 35,36,37,38,39,40 ins 2 by 2013 Amendment Act.s.2(ii) 40 [Insertion of new section 74A and 748 afte s.74 by 2013 Amendment Act.s.4.
4E [Substitution of s 76 by 2013 Amendment Act.s.5.
4F [Substitution of s 79 by 2013 Amendment Act.s.6.
4G [Substitution of s 82 by 2013 Amendment Act.s.7.
4H [Insertion of new section 150 by 2013 Amendment Act.s.8.
State Equity ,n Cooperative credit structure Role of the State Government