Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.53, Agriculture and Cooperation (Coop- II) Department, dated 20.05.2016 160 [Act No.7 of 1964] (21) The APCOB/DCCB shall cause Audit of its accounts by a Charted Accountant selected from a panel approved by NABARD. (22) The Registrar shall arrange conduct of Special Audit of APCOB/DCCB if requested by RBI and also arrange to furnish the report to RBI within the time stipulated. (23) The Registrar shall de-register a PACS which is using the word ―Bank‖, ―Banking‖, ―Banker‖ or any other derivative of the words ―Bank‖ in its registered name. (24) The existing provisions of the Act, Rules and guidelines shall continue to be in force till the guidelines/stipulations are issued by RBI/NABARD wherever required in the above provisions.] CHAPTER XIV. MISCELLANEOUS.