Bare ActsDeposit Guarantee Scheme, 2000

Section 9

Administration of the Fund.

Amendment status not verified — confirm the current text below against the official source.

(1) In every District the Corpus of the fund shall be administered by a District Level Committee consisting of the following members, namely:- (1) President of the District Co-operative Bank, Chairman; (2) Joint Registrar of Co-operative Societies, Member; (3) A representative of Kerala State Co-operative Bank, Member; (4) President of a Primary Agricultural Credit society of the District to be nominated by the District Co-operative Bank, Member; (5) General Manager, District Co-operative Bank, Convenor. (2) There shall be a State Level Committee to monitor the working of the scheme consisting of the following members, namely.- (1) The President, Kerala State Co-operative Bank, Chairman; (2) Secretary to Government, Co-operation Department, Member; (3) The Registrar of Co-operative Societies, Member; (4) The Managing Director, Kerala State Co-operative Bank Convenor (5) Presidents of three District Co-operative Banks from three regions of the State nominated by Government, Members. The State Level Committee shall supervise implementation of the scheme and issue guidelines and directions to the District Level Committee in respect of all maters relating to the scheme.

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