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Core Purpose

Notification by the Reserve Bank of India that a specified co-operative bank has ceased to be a co-operative bank under the Banking Regulation Act, 1949.

Detailed Summary

The Reserve Bank of India issued Notification DoR.MON.No.S5972/12.21.216/2023-24 dated 17th January 2024, exercising powers under Section 36A(2) read with Section 56 of the Banking Regulation Act, 1949, to notify that 'The Botad Peoples Co-operative Bank Ltd., Botad' has ceased to be a co-operative bank within the meaning of the Act. Consequently, all provisions of the Act applicable to the bank shall cease to apply to it, except as respects things done or omitted to be done before the notice. Signed by Jayant Kumar Dash, Executive Director. Reference ADVT.-III/4/Exty./799/2023-24.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-06032024-252678 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 148] NEW DELHI, WEDNESDAY, MARCH 6, 2024/PHALGUNA 16, 1945 1585 GI/2024 RESERVE BANK OF INDIA NOTIFICATION New Delhi, the 17th January, 2024 DoR.MON. No. S5972/ 12.21.216/2023-24.— In exercise of the powers conferred under Section 36 A (2) read with Section 56 of the Banking Regulation Act, 1949, Reserve Bank of India hereby notifies that 'The Botad Peoples Co-operative Bank Ltd., Botad' has ceased to be a co-operative bank within the meaning of the said Act and all the provisions of the said Act applicable to The Botad Peoples Co-operative Bank Ltd., Botad shall cease to apply to it, except as respects things done or omitted to be done before this notice. JAYANT KUMAR DASH, Executive Director [ADVT.-III/4/Exty./799/2023-24]

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