Banking as defined in clause (b) of sub-section (1) of Section 5 of the Banking Regulation Act, 1949 (Central Act 10 of 1949).

Settlement of disputes -(1) If any dispute arises touching the constitution, management or business of a Co-operative Society, and matters connected therewith or incidental thereto,-

1. (a) among members, past members or persons claiming through members, past members and deceased members; or
2. (b) between member, past member or a person claiming through a member, past member or deceased member and the Co-operative Society, its Board, Director, office-bearer or liquidator, past or present; or
3. (c) between the Co-operative Society or its Board and any past Board, Director, office bearer, or the nominee, heirs, or legal representative of any deceased Director, deceased officer, of the Co- operative Society; or
4. (d) between the Co-operative Society and any other Co-operative Society; or
5. (e) between the promoter of a Co-operative Society and the Registrar, or a Co-operative Society and the Registrar; or
6. (f) between a Co-operative Society and liquidator of and other Co- operative Society, between the liquidators of two or more Co-operative Societies; Such disputes may be referred to the Co-operative Tribunal for decision: Provided that no dispute shall be referred under this section to the Co- operative Tribunal unless the disputing parties exhausted all remedies that may be available in the bye-laws for the settlement of disputes.

1. (2) Any dispute relating to elections held to a Co-operative Society may be referred to the Co-operative Tribunal for decision.