MANU/FNSV/0046/2020

Ministry : Ministry of Finance

Department/Board : Financial Services

Notification No. : SO3377(E)

Date of Notification : 29.09.2020

Date of Publication : 29.09.2020

Subject: Finance

Non-applicability of the provisions of section 31 read with clause (t) of section 56 of Banking Regulation Act, 1949 to primary co-operative banks till 31st December, 2020

S.O.3377(E).--In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the recommendation of the Reserve Bank of India, hereby declare that the provisions of section 31 read with clause (t) of section 56 of the said Act shall not apply to primary co-operative banks till 31st December, 2020.

[F. No. 7/104/2020-BOA-I]
AMIT AGRAWAL, Jt. Secy.