Amendment status not verified — confirm the current text below against the official source.
(in) It shall extend to the whole State of Nagaland. i It shall come into force on such date as the State Government may, by notifcation in the Official Gazette, appoint. The following clauses shall be inserted in the Assam Cooperative Societies Act, 1949, inthe applicable to the State ofNagaland. Notwithstanding anyhng contained in the Assam Cooperative Societies Act, 1949, in the case of Revival and Restructuring of the Short Term Cooperative Societies Credit Structure (STCCS) in the state, comprising the State ~ e r m dooperative ~ a n k (SCB) and Primary Agricultural Credit Societies (PACS) including LAMPS, MPCS and FSS affiliated to theAgriculture State Co-operative Bank Ltd., on a sustainable basis as under. To be inserted in 1 . In the Principal Act, After Section 1 1, the following Section 11 Section shall be inserted, namely:- As Section"1 I .A" "1 1. A:- No primary Agriculture Credit Cooperative SocietyIMPCS shall used the word "Bank', "Banking", Banker or any other derivative of the word "Bank" in its name and the existing society using such name shall be deregistered by the Registrar. To be inserted in Section 13 As Sub- Section (4)