Central Act
87
Section 87. Winding up of co-operative bank at the direction of Reserve Bank.
The Multi-State Co-operative Societies Act, 2002
In forceAll India (Central Act)
87. Winding up of co-operative bank at the direction of Reserve Bank. Notwithstanding anything to the contrary contained elsewhere in this Act, the Central Registrar shall make an order for the winding up of a co-operative bank, if so required by the Reserve Bank in the circumstances mentioned in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961).