TaxTMI 
TaxTMI 
Refund of Share held by us in Co-Op. Bank Ltd
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....efund of Share held by us in Co-Op. Bank Ltd<br> Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 4-10-2023 Last Reply Date:- 12-12-2023 Banking - Finance<br>Got 1 Reply<br>Companies Law<br>we....
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.... have shareholder in Co-Op Bank since last more than 10 years. We apply refund of shares on one and half year back but till date bank has not refund the shares stating that RBI financial parameters th....
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....ey are unable to process the request also they state that they will think of refunding the share capital once there is improvement in the benchmark parameters. We require that fund on urgent basis ca....
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....n u suggest that how to face the above situation and recover our share capital from Bank. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: The Coop Banks are awaiting some regulatory directive on shar....
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....e surrender as it's not feasible for a lender to ask RBI's permission every time a member requests for a refund.<br> Discussion Forum - Knowledge Sharing ....