Preamble

The Nagaland Co-operative societies (Amendment) Act, 2011 (Act No. 5 of 2011) Received the assent Government of Nagaland on 07/04/20 11 and published in theNagaland Gazette extraor- dated 3 1/05/2011. To Amend the Assam Cooperative Societies Act, 1949, as applicable to the State ofNagaland, it is hereby enacted in the Sixty Second Year of the Republic of India as follows: Short title extend commencement: (i) This may be called the Nagaland Cooperative Societies (Amendment) BiU- 2011. (in) It shall extend to the whole State of Nagaland. i It shall come into force on such date as the State Government may, by notifcation in the Official Gazette, appoint. The following clauses shall be inserted in the Assam Cooperative Societies Act, 1949, inthe applicable to the State ofNagaland.

Notwithstanding anyhng contained in the Assam Cooperative Societies Act, 1949, in

the case of Revival and Restructuring of the Short Term Cooperative Societies Credit Structure (STCCS) in the state, comprising the State ~erm dooperative ~ank (SCB) and Primary Agricultural Credit Societies (PACS) including LAMPS, MPCS and FSS affiliated to theAgriculture State Co-operative Bank Ltd., on a sustainable basis as under. To be inserted in 1. In the Principal Act, After Section 1 1, the following Section Section shall be inserted, namely:- As Section"1 I .A" "1 1. A:- No primary Agriculture Credit Cooperative SocietyIMPCS shall used the word "Bank', "Banking", Banker or any other derivative of the word "Bank" in its name and the existing society using such name shall be deregistered by the Registrar. To be inserted in Section 13 As Sub- Section (4)