Amendment status not verified — confirm the current text below against the official source.
0. “('g) a Se1f1-1e1p Gronp:". Amendment of section 43— The existing section 43 0f the Principal Act shail be rentnnbered 3(1)" and thereafter the following new sub—sections (2) and 1’ 3) 511311 be inserted, namely.— “(2) Notwithstanding anything contained in sub—section (1 ), a Short Term Cooperative Credit Structure Society may obtain loans from any Bank or financial institution regulated by the Reserve Bank and refinance from the National Bank or any other re financing agency (111‘e<;‘11_\-' or through any Reserve Bank reguiated financial institutinn and not neeessarfly from the federa1 society to which it is affiliated. (31(3) Notwithstanding anything contained in sub-section (1.), every or group hoidingn minimum deposit of rupees one thousand, for a continuous period of minimum two years or such other amount or time as may be prescribed in the bye-Iaws or the rules framed thereunder of a Primary Agricultural Co—operative Credit Society shall become a member 01" thesociety by subscribing the minimum share capital specified in the byeahms and shah have 11111 membership and veting rights; (b) A. group borrower shall become a member of a Primary Agt‘icnhin’ai Co—operative Credit Society by subscribing the minimum share capital specified in the bye-iaws and 5111111 have full voting rights; ' (c) ' Every group depositor or group bon'ower admitted as a member shall be entitled to vote through one delegate nominated by the group”. Amendment ofsection 44,— After sub—section ('2) of section 44 Ofthe Principal Act. the 10.1 Eowi ng. new snb—section (3) shah be inserted, namely, -