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Section 18 - Central Registrar to prepare scheme of amalgamation or reorganisation of a co‑operative bank in certain cases. - MULTI-STATE CO-OPERATIVE SOCIETIES ACT, 2002Extract Central Registrar to prepare scheme of amalgamation or reorganisation of a co‑operative bank in certain cases . 18. When an order of moratorium has been made by the Central Government under sub‑section (2) of section 45 of the Banking Regulation Act, 1949 (10 of 1949) in respect of a co‑operative bank, the Central Registrar, with the previous approval of the Reserve Bank in writing, may, during the period of moratorium, prepare a scheme ( a ) for the amalgamation of the co‑operative bank with any other co‑operative bank; or ( b ) for the reorganisation of the co‑operative bank.
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