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Section 18 – The Delhi Co-Operative Societies Act,1972

The Delhi Co-Operative Societies Act,1972

18. Registrar to prepare scheme of amalgamation of co-operative bank in certain cases.-

When an order of moratorium has been made by the Central Government under sub section (2) of section 45 of the Banking Regulations Act,1949, in respect of a co-operative bank, the Registrar, with the previous approval of the Reserve Bank in writing may, during the period of moratorium, prepare a scheme – For the reorganisation of the co-operative bank, or for the amalgamation of the co-operative bank with any other co-operative bank.

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The Delhi Co-Opearative Societies Act,1972

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