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of <h1>Banking Regulation Act, 1949, Now Applies to Multi-State Co-Operative Societies via 2023 Amendment to 2002 Act.</h1> The provisions of the Banking Regulation Act, 1949, apply to multi-State co-operative societies concerning incorporation, regulation, and winding up. For societies engaged in banking activities, the specific regulations of the Banking Regulation Act, 1949, are also applicable. This inclusion was made through an amendment to the Multi-State Co-Operative Societies Act, 2002, as per the Multi-State Co-Operative Societies (Amendment) Act, 2023.
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