section 95
Regulatory prescription implementation
Meghalaya Co-operative Societies Act, 2015Corporate2015128 sections
Statutory text
- (1) The Registrar shall ensure that Reserve Bank’s regulatory prescription in case of State Co-operative Bank including recommendation for supersession of the Managing Body and winding up of the State Co-operative Bank are implemented within one month of being so advised by the Reserve Bank;
- (2) The Registrar shall ensure that the liquidator or the administrator, as the case may be, is appointed within one month of being so advised by the Reserve Bank for winding up or supersession.
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