https://www.taxtmi.com/acts?id=43361 Amendment to section 7 conditions registration on conformity of paid up capital, reserves and prescribed liquidity, exposure and prudential norms in bye laws; existing societies must meet norms within a transitional period or face directions from the Central Registrar. For multi State co operative banks, bye law capital, reserve and liquidity requirements must align with Reserve Bank standards. The Central Registrar must dispose of applications within a prescribed period, with a limited extension for rectification; refusal requires reasons and an opportunity to be heard, and failure to act in time results in the application being deemed accepted and a registration certificate issued. en-us Thu, 04 Jul 2024 16:19:39 +0530 Thu, 04 Jul 2024 16:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43361 Amendment to section 7 conditions registration on conformity of paid up capital, reserves and prescribed liquidity, exposure and prudential norms in bye laws; existing societies must meet norms within a transitional period or face directions from the Central Registrar. For multi State co operative banks, bye law capital, reserve and liquidity requirements must align with Reserve Bank standards. The Central Registrar must dispose of applications within a prescribed period, with a limited extension for rectification; refusal requires reasons and an opportunity to be heard, and failure to act in time results in the application being deemed accepted and a registration certificate issued. Act-Rules F. Acts / Amendment Acts Thu, 04 Jul 2024 16:19:39 +0530 https://www.taxtmi.com/acts?id=43361