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Section 44: Starftng of branch banks

The Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984)State Act of Kerala · Act 20 of 1984

The Board may, from time to time, with the previous sanctiOn of the Registrar, start branches - or regional offices of the Agricultural Development l:ank at such convement centres as It thmks fit and carry on operatwns through them.

I

45. Power of Board to rulmtt members -(1) Tht! Board may admit any pnmary bank or the Government as a member of the Agncultural Development Bank on apphcatwn made m that behalf to that bank

(2) 'l'he Board may also adm1t any Company or Cm·poration or any body of persons, whether mcorporated or not and whether or not establ_1shed by or under any law, or a co-opt>rative society J • ' l.i'-3 as a nominal or associate member of the Agncultural D~:velopment Bank on application made m that behalf to that bank· Provtded that the previous approval of the Government shall be obtamed for the admission of any company ot corporatiOn or body of persons. .

Explanatwn.-In this section "nommal or assoctate member" means a member who possess only such privileges and rights of a member and who is subject only to such habihties of a member as may be specified in the regulations made by the Board .

Where this provision sits

ActThe Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984)
Section44
Marginal noteStarftng of branch banks
JurisdictionState of Kerala
StatusIn force as published by the source

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