Amendment status not verified — confirm the current text below against the official source.
Power of Board to rulmtt members -(1) Tht! Board may admit any pnmary bank or the Government as a member of the Agncultural Development Bank on apphcatwn made m that behalf to that bank (2) 'l'he Board may also adm1t any Company or Cm·poration or any body of persons, whether mcorporated or not and whether or not establ_1shed by or under any law, or a co-opt>rative society J • ' l.i'-3 as a nominal or associate member of the Agncultural D~:velopment Bank on application made m that behalf to that bank· Provtded that the previous approval of the Government shall be obtamed for the admission of any company ot corporatiOn or body of persons. . Explanatwn.-In this section "nommal or assoctate member" means a member who possess only such privileges and rights of a member and who is subject only to such habihties of a member as may be specified in the regulations made by the Board .