State Act

The Maharashtra Co-operative Societies Act, 1960

1[144-1A. Reorganisation, amalgamation or division of 2[Co-operative Agriculture and Rural Multipurpose Development Banks], in public interest, etc.— (1) Notwithstanding anything in this Act or in any rules or bye-laws made thereunder, it shall be lawful for the State Government to provide from time to time, by an order made under and in accordance with the provisions of section 18, for the re-organisation of the 3[State Co-operative Agriculture and Rural Multipurpose Development Bank], either by amalgamating with it all or any of the 4[Primary Co-operative Agriculture and Rural Multipurpose Development Bank] or otherwise; or for the division of the 5[State Co-operative Agriculture and Rural Multipurpose Development Bank] into a 6[State Co-operative Agriculture and Rural Multipurpose Development Bank] and one or more 7[District Co-operative Agriculture and Rural Multipurpose Development Banks] as may be considered necessary ; or for the amalgamation or division of all or any of the 8[District Co-operative Agriculture and Rural Multipurpose Development Bank] among themselves. Accordingly, for the purposes of this section, in section 18 and in any rules made thereunder, for the word “Registrar” wherever it occurs, the words “State Government” shall be deemed to be substituted. (2) Where there is no 9[District Co-operative Agriculture and Rural Multipurpose Development Bank] in the State or in any part thereof, or 10[District Co-operative Agriculture and Rural Multipurpose Development Bank] are merged with the 11[State Co-operative Agriculture and Rural Multipurpose Development Bank], 12[State Co-operative Agriculture and Rural Multipurpose Development Bank] may establish and maintain as many branches as may be deemed necessary ; and shall function also as a 13[District Co-operative Agriculture and Rural Multipurpose Development Bank] throughout the State or in the area concerned, as the case may be. Any reference to a 14[District Co-operative Agriculture and Rural Multipurpose Development Bank] in this Act, or any other law for the time being in force or in any instrument, shall then, as the context may require, be construed as a reference to the 15[State Co-operative Agriculture and Rural Multipurpose Development Bank] or its branches concerned, or be read subject to such modifications as may be necessary due to absence of any 1[District Co-operative Agriculture and Rural Multipurpose Development Bank] or due to merger of the 2[District Co-operative Agriculture and Rural Multipurpose Development Bank] or Banks in the 3[State Co-operative Agriculture and Rural Multipurpose Development Bank]].