https://www.taxtmi.com/news?id=23140 The Bill expands Reserve Bank authority over co-operative banks by narrowing exemptions in section 3, allowing RBI to prepare reconstruction or amalgamation schemes without a moratorium under section 45, and clarifying that the Act applies to co-operative societies notwithstanding other laws under a modified section 56; it adds provisions on issuance of shares and long-term securities by co-operative banks subject to RBI approval, strengthens governance, audit and capital requirements, and permits RBI to exempt co-operative banks from specified provisions. en-us Tue, 15 Sep 2020 12:29:37 +0530 Wed, 11 Feb 2026 15:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23140 The Bill expands Reserve Bank authority over co-operative banks by narrowing exemptions in section 3, allowing RBI to prepare reconstruction or amalgamation schemes without a moratorium under section 45, and clarifying that the Act applies to co-operative societies notwithstanding other laws under a modified section 56; it adds provisions on issuance of shares and long-term securities by co-operative banks subject to RBI approval, strengthens governance, audit and capital requirements, and permits RBI to exempt co-operative banks from specified provisions. News - Tue, 15 Sep 2020 12:29:37 +0530 https://www.taxtmi.com/news?id=23140