Amendment status not verified — confirm the current text below against the official source.
Trade license and office. Registration with Competent Authority. Permission for accepting deposits. include a corporation or a cooperative society owned or controlled by the Central Government, any State Government or a banking company as deflned in section 5 ( c ) of the Banking Regulation Act, 1949 (X of 1949); (e) "Government' means the State Government of Sikkim; (f) "prescribed" means prescribed by rules made under this Act. CHAPTER II (1) The Government may, by notification, appoint one or more authorities for such area or areas or for such case or cases as may be specified in the notification as Competent Authority to exercise powers authorized by this Act. (2) The Competent Authority shall have such other powers as may be necessary for carrying out the purposes of this Act.