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Section 48: Power of Board to make regnlatt0t1S -Notwithstanding anything contamed m the Kecala Co-operat1ve Societle

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

> Act, 1969 (21 of 1969), or the rules made thereunder, the Board shall have ~' general power of supervision over the pnmary banks and may, with the approval of the Trustee, make regulatiOns flct 1r.consiste1Ji. w1lh this Act or the rules made thereunder-. .

(a)· for the mspection of the account books and proceedings of pnmary banks;

(b) for the subm1ss1on of returns and reports ''Y primary banks in resp~ct of their transactions, l

(c) for the penod1Cal settlement of accounts between pr1mary ~ banks and the Agricultural Development Rank for the payment of the amounts recovered by primary banks on Gehan cr mortgage or hypothecatiOn transferred, or deemed under the pi·ovisions of section 13 to have been transferred to the Ag1 icultural D~velopment Bank;

(d) prescribing the form in which appiicat1on to primary banks for loans should be made and for the valuatiOn· ot the pro­ perties offered as security for such loans,

(e) for the investment of moneys realised from Gehan or ~ mortgage or hypothecation; and • 1 •

(f) generally for the purpose of safeguarding the interest of the parties concerned and for carrying qut the purposes of this Act.

Where this provision sits

ActThe Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984)
Section48
Marginal notePower of Board to make regnlatt0t1S -Notwithstanding anything contamed m the Kecala Co-operat1ve Societle
JurisdictionState of Kerala
StatusIn force as published by the source

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