Amendment status not verified — confirm the current text below against the official source.
After Section 61 of the principal Act, the following Insertion of in s e r fe d a s a n e w section, namely :— “ 61-A (i) A financing bank shall have the right to inspect the books of any Co-eperative Society which has either applied to the bank for financial assistance or is indebted to the bank on account of financial assistance granted earlier. (ii) The inspection maybe carried out by an officer or any other member of the paid staff of the financing bank with previous sanction of the Registrar in writing. (iii) The officer or any other member of the paid staff of the financing bank undertaking such inspection, shall, at all reasonable time, have access to the books of accounts, documents, securities, cash and other properties belonging to or in ths custody of the Ce-operative Society inspected by him, and shall also be supplied by such ssciety such information, statements and returns as may be required by him to assess the financial conditions of the society and the safety of the financial assistance to be made to the society or already made to it”. Amendment