Government subscription in Share Capital

The Government’s subscription in the Share Capital of any Co-operative Credit Structure Society shall not exceed twenty five percent and the Government or Co-operative Credit Structure Society may reduce the Government’s subscription further at its choice: Provided that in case State Co-operative Bank is unable to comply with requirements of sub-section

1. (1) of section 11 of the Banking Regulation Act,1949 (Central Act 10 of 1949), the State Government can contribute equity to the extent required to enable State Co-operative Bank to comply with the requirements of sub-section
2. (1) of Section 11 of Banking Regulation Act, 1949 (Central Act 10 of 1949).