Amendment of section 47.

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..... ", the words "or to the converted banking company" shall be inserted; (ii) in the Explanation, for the words 'expressions "business re-organisation", "predecessor co-operative bank" and', the words 'expressions "business re-organisation", "converted banking company", "predecessor co-operative bank" and' shall be substituted; (c) after clause (viiab), the following clauses shall be inserted with .....

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..... tory with which an agreement referred to in sub-section (1) of section 90 or sub-section (1) of section 90A has been entered into; or is established or incorporated or registered in a country or a specified territory as may be notified by the Central Government in this behalf; (iii) the fund and its activities are subject to applicable investor protection regulations in the country or specified .....

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..... ), in respect of which the share or unit or interest is not issued by resultant fund to its share-holder or unit holder or interest holder; (c) "resultant fund" means a fund established or incorporated in India in the form of a trust or a company or a limited liability partnership, which-- (i) has been granted a certificate of registration as a Category I or Category II or Category III Alterna .....

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