https://www.taxtmi.com/caselaws?id=178030 An RBI circular on rural credit was treated as advisory and policy-oriented, not as having statutory force, because it was issued for study and guidance and did not operate as a binding direction for co-operative societies. A State circular re-linking primary agricultural co-operative societies to district central co-operative banks was upheld as an administrative measure within the State's control over co-operative societies, applying the pith and substance doctrine and not as invalid banking legislation. The change in financial linkage did not show established adverse civil consequences, so prior hearing was not required. The challenge failed on all material grounds. en-us Mon, 19 Mar 1990 00:00:00 +0530 Wed, 27 Jan 2016 12:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178030 An RBI circular on rural credit was treated as advisory and policy-oriented, not as having statutory force, because it was issued for study and guidance and did not operate as a binding direction for co-operative societies. A State circular re-linking primary agricultural co-operative societies to district central co-operative banks was upheld as an administrative measure within the State's control over co-operative societies, applying the pith and substance doctrine and not as invalid banking legislation. The change in financial linkage did not show established adverse civil consequences, so prior hearing was not required. The challenge failed on all material grounds. Case-Laws Indian Laws Mon, 19 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178030