Supreme Court: Uncrystallized Contractual Damages Not an Operational Debt under Section 9 IBC || Supreme Court: Interest Accrued in Suspense Account After NPA Classification is Recoverable as Debt || Supreme Court: S.69 GST Arrest Order with “Reasons to Believe” Must Precede Arrest || Supreme Court: Winding-Up Proceedings Period Cannot be Excluded under Section 14 Limitation Act || Supreme Court: Separate Appeals Unnecessary Against Common Judgment on Suit and Counterclaim || Supreme Court: Unsuccessful Party Can Seek Post-Award Section 9 Relief in Exceptional Cases || Delhi HC Rejects Black Money Act Challenge, Imposes Rs. 60,000 Costs over Prosecution Avoidance || Delhi HC Affirms Teacher's POCSO Conviction, Urges Schools to Encourage Children to Speak Up || Kerala HC: NGO Funding Peaceful Protests Can't Justify FCRA Renewal Denial || Delhi HC: Courts Cannot Judge Sufficiency of Material For Issuing Look Out Circular

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- (Ministry of Finance ) (29 Sep 2020)

MANU/FNSV/0046/2020

Banking

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.

Tags : NON-APPLICABILITY PROVISIONS CO-OPERATIVE BANKS

Share :