Specifies “Co­operative Bank” as defined in clause (cci) of Section 5 of the Banking Regulation Act 1949 as ‘bank’ for the purpose of the SARFAESI Act – Notification no. 105 dated 28.01.2003 – SARFAESI Act, 2002

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MINISTRY OF FINANCE AND COMPANY AFFAIRS
(Department of Economic Affairs)
(BANKING DIVISION)
NOTIFICATION
New Delhi, the 28th January, 2003

S.O.105 (E).— In exercise of the powers conferred under item (v) of clause (c) of Subsection (1) of Section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), the Central Government hereby specifies “Co­operative Bank” as defined in clause (cci) of Section 5 of the Banking Regulation Act 1949 (10 of 1949) as ‘bank’ for the purpose of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002).

[E No 112120024301]
SHEKHAR AGARWAL, Jt. Secy.

 

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