Amendment status not verified — confirm the current text below against the official source.
insertion 0121 new section. 45A.- After section 45 ofthe Principal Act. a new section 45A shall Je 11‘1861‘it3d., 113111e1y,— V ..‘ "45A. Manner ot‘prudentiai norms.— The prudential norms including Capital to Risk Weighted .A&SSCIS Ratio shall be prescribed by the Registrar for 2111 the Pi‘imaiyAgricultural Co—operative (1Ctiit Soeietiesi 11iconsultation with the National Bank”. 1 1. Amendment 01‘section 50The existing Section 50 of the Principal Act shall be renumbered 101(1’and 1101eaftei a new sub-section (2) shal 1 be inserted namely,— 1 “(2) Notwithstanding anything contained in sub—section (1), the State Government’s snbscriptien to the. share capital of any Short Tenn Co— operative Credit Structure Society or 1'0110 Term Cooperative Credit Structure Society or Urban Cooperative Banks shall not exceed tnentx the newe111 01 the total paidup shaie eapital 01 such society Provided that the State Government or such Society have option to furtherreduce the State Govemment equity and the Society shall not be prevented, from doing so by the State Government: ' Provided further that the State Government may contribute equity in eXcess ofthe aforesaid limit only 11" equity infusion is required in the State Co-operative Bank. to enable it to comply with section 1 l 01‘ the Banking Regulation Act, 1949 (10 of 1949 ).".