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of <h1>Central Registrar Must Wind Up Co-Op Bank if Directed by Reserve Bank Under Section 87 of Co-Operative Societies Act.</h1> Section 87 of the Multi-State Co-Operative Societies Act, 2002 mandates that the Central Registrar must order the winding up of a co-operative bank if directed by the Reserve Bank. This directive is contingent upon the circumstances outlined in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961. This provision takes precedence over any conflicting sections within the Act, emphasizing the Reserve Bank's authority in determining the necessity for winding up a cooperative bank.
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