Section 13B:
Registration of defunct co-operative banks.
1[13B. Registration of defunct co-operative banks.--Every co-operative bank being a defunct
co-operative bank at the commencement of the Deposit Insurance Corporation (Amendment) Act, 1968
(56 of 1968), by reason of sub-clause (vii) or Sub-clause (viii) of clause (ff) of section 2 shall, unless it
becomes a defunct co-operative bank under any other sub-clause of that clause, be registered by the
Corporation as an insured bank as soon as may be after the termination of the order of moratorium, or as
the case may be, the rejection or dismissal of the application for its winding up provided it is an eligible
co-operative bank and it either holds a licence granted under section 22 of the Banking Regulation
Act, 1949 (10 of 1949), or having applied for such licence in accordance with that section, has not been
informed by notice in writing by the Reserve Bank that a licence cannot be granted to it.]
Notes:
1. Ins. by Act 56 of 1968, s. 7 (w.e.f. 1-7-1971).