https://www.taxtmi.com/caselaws?id=312604 Clauses (a) and (b) inserted in Section 54(3) by the 2016 amendment create a special mechanism for appointing a cooperative bank's Chief Executive Officer, but they do not displace the wider statutory notification framework in every case. The provision must be read harmoniously with Section 49-E(2), which governs Central Societies receiving State assistance and requires the CEO to be drawn from the cadre maintained under Section 54, where such cadre exists, or otherwise with prior approval of the Registrar. The notified cadre and RBI eligibility requirements therefore continue to control appointments in that setting, preserving both the bank-specific mechanism and regulatory supervision. en-us Wed, 04 Mar 2020 00:00:00 +0530 Mon, 11 May 2026 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312604 Clauses (a) and (b) inserted in Section 54(3) by the 2016 amendment create a special mechanism for appointing a cooperative bank's Chief Executive Officer, but they do not displace the wider statutory notification framework in every case. The provision must be read harmoniously with Section 49-E(2), which governs Central Societies receiving State assistance and requires the CEO to be drawn from the cadre maintained under Section 54, where such cadre exists, or otherwise with prior approval of the Registrar. The notified cadre and RBI eligibility requirements therefore continue to control appointments in that setting, preserving both the bank-specific mechanism and regulatory supervision. Case-Laws Indian Laws Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312604