Section 120B: Application of Banking Regulation Act, 1949.

The Multi-State Co-operative Societies Act, 2002Central Act · Act 39 of 2002

[120B. Application of Banking Regulation Act, 1949.--The provisions of this Act shall apply to a multi-State co-operative society in respect of matters relating to incorporation, regulation and winding up:

Provided that in case of a multi-State co-operative society carrying on the business of banking, the provisions of the Banking Regulation Act, 1949 (10 of 1949) shall also apply.]

Where this provision sits

Act	The Multi-State Co-operative Societies Act, 2002
Section	120B
Marginal note	Application of Banking Regulation Act, 1949.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

inserted. . Ins. by s. 44, ibid. (w.e.f. 3-8-2023).

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