act 023 of 1965 : Banking Laws (Application to Co-operative Societies) Act, 1965

Banking Laws (Application to Co-operative Societies) Act, 1965

ACTNO. 23 OF 1965

09 January, 1967

An Act further to amend the Reserve Bank of India Act, 1934 and the BankingCompanies Act, 1949 for the purpose of regulating the banking business of certain co-operative societies and for matters connected therewith

Be it enacted by Parliament in the Sixteenth Year of the Republic of India as follows:

Chapter I

Section 1. Short title and commencement

(1) This Act may be called the Banking Laws (Application to Co-operative Societies) Act, 1965.

(2) It shall come into force on such date1 as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act.

Chapter II

AMENDMENT OF THE RESERVE BANK OF INDIA ACT, 1934

Section 2. Amendment of Section 2

2[Repealed]

Section 3. Amendment of Section 10

3[Repealed]

Section 4. Amendment of Section 17

4[Repealed]

Section 5. Amendment of Section 18

5[Repealed]

Section 6. Amendment of Section 42

6[Repealed]

Section 7. Omission of Section 44

7[Repealed]

Section 8. Amendment of Section 45-H

8[Repealed]

Section 9. Amendment of Section 151

9[Repealed]

Chapter III

AMENDMENT OF THE BANKING COMPANIES ACT, 1949

Section 10. Amendment of long title and preamble

10[Repealed]

Section 11. Amendment of Section 1

11[Repealed]

(2) Any reference to the Banking Companies Act, 1949 (10 of 1949) in any law for the time being in force, or in any instrument or other document, shall be construed as a reference to the Banking Regulation Act, 1949.

Section 12. Substitution of new section for Section 3

12[Repealed]

Section 13. Amendment of Section 18

13[Repealed]

Section 14. Insertion of new Part V

14[Repealed]

1. Came into force, w.e.f. 1-3-1966 [vide S.O. 87, dated 31-12-1965].

2. Repealed by Act 56 of 1974, Section 2 and Schedule I.

3. Repealed by Act 56 of 1974, Section 2 and Schedule I.

4. Repealed by Act 56 of 1974, Section 2 and Schedule I.

5. Repealed by Act 56 of 1974, Section 2 and Schedule I.

6. Repealed by Act 56 of 1974, Section 2 and Schedule I.

7. Repealed by Act 56 of 1974, Section 2 and Schedule I.

8. Repealed by Act 56 of 1974, Section 2 and Schedule I.

9. Repealed by Act 56 of 1974, Section 2 and Schedule I.

10. Repealed by Act 56 of 1974, Section 2 and Schedule I.

11. Repealed by Act 56 of 1974, Section 2 and Schedule I.

12. Repealed by Act 56 of 1974, Section 2 and Schedule I.

13. Repealed by Act 56 of 1974, Section 2 and Schedule I.

14. Repealed by Act 56 of 1974, Section 2 and Schedule I.