Bare ActsThe Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984)

Section 46

Primary agricultural credit sociehes to be odmttted as members of primary banks tn certam cases

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

Primary agricultural credit sociehes to be odmttted as members of primary banks tn certam cases.-(1) Not\'llthstandmg anything contained m this Act or m any rule made thereunder or in any other law .for the t1me bemg m force, the GovE-rnment may, in consultation wtth ·the Agrtculturai Development Banl·, by general or spectal order m writmg empower any pnmary agricultural cred1t • society reg~st~red or deemed to be. registered undet the Kerala Co-operative Societies Act, 1969 (21 of 1969) to perform all or any of the functions of a pnmary bank under this Act. (2) A primary agricultural credit society empowered under sub-section (1) shall, m respect·of the functiOns so conferred on it. oe deemed to be a prrmary bank un'der this Act provided that no such society shall have the right to be a member ot the Agri- cultural Development Bank. · ·· (3) A primary agricultural credit society empowered under sub-section (1) shall be made a member of the pnmary bank wtthm whose jurisdictiOn the pnmary agricultural c1 edtl society 1s functiOning, and shall be gtven representation m the committee of such pnmary bank, m the manner prescribed. .J.

Section 46 – The Kerala State Co-operative Agricultural Development Banks Act, 1984 (Act 20 of 1984) | DailyLaw.ai