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Section 16: Power of co-operative societies to borrow from banks

The Bihar Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977State Act of Bihar · Act 6 of 1983

Notwithstanding anything contained in the Bihar and Orissa Co-operative Societies Act, 1935 it shall be lawful for any co-operative society to borrow from a bank:

Provided that in the interest of promotion and growth of co-operative society the State Government may make such provision in the Rules as may be necessary from time to time to restrict the extent to which a Bank lend in areas adequately served by co-operatives.

Where this provision sits

ActThe Bihar Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977
Section16
Marginal notePower of co-operative societies to borrow from banks
JurisdictionState of Bihar
StatusIn force as published by the source

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