section 16
Disputes between a bank and a co-operative society.
The Maharashtra Provision of Facilities for Agricultural Credit by Banks Act, 1974Finance197425 sections6 chapters
Chapter V Financing of co-operative societies by banks
Statutory text
- (1) Notwithstanding anything contained in any other law for the time being in force, any dispute touching the constitution, management or business of a co-operative society, between a bank financing a co-operative society and the co-operative society so financed, other than disputes regarding disciplinary action taken by the society or its committee against a paid employee of the society, shall be referred by either of the parties to the dispute, to the Registrar for decision.
- (2) Where any question arises whether, for purposes of the foregoing sub-section, a matter referred to for decision is a dispute or not, the question shall be decided, by the Registrar, whose decision shall be final.
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