section 15
Inspection of books of a Co-operative Society by a Bank
The Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976Finance197625 sections
Statutory text
- (1) A bank shall have the right to inspect the books of any Co-operative Society which has either applied to the Bank for financial assistance or is indebted to the bank on account of financial assistance granted earlier. (2) The Inspection may be carried out by an officer or any other member of the paid staff of the bank with previous sanction in writing of the Registrar of Cooperative Societies.
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