https://www.taxtmi.com/news?id=23163 The Amendment makes the Act paramount over other laws for co-operative banks, aligns company-law terminology to co-operative equivalents, and authorises co-operative banks, with prior Reserve Bank approval, to issue equity, preference or special shares and unsecured debentures or similar long dated securities by public issue or private placement subject to RBI-prescribed conditions and ceilings, while restricting surrender or reduction of share capital except as permitted by the Reserve Bank. en-us Fri, 18 Sep 2020 15:26:41 +0530 Wed, 11 Feb 2026 15:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23163 The Amendment makes the Act paramount over other laws for co-operative banks, aligns company-law terminology to co-operative equivalents, and authorises co-operative banks, with prior Reserve Bank approval, to issue equity, preference or special shares and unsecured debentures or similar long dated securities by public issue or private placement subject to RBI-prescribed conditions and ceilings, while restricting surrender or reduction of share capital except as permitted by the Reserve Bank. News - Fri, 18 Sep 2020 15:26:41 +0530 https://www.taxtmi.com/news?id=23163