Government of Maharashtra

No. CCR-1113/Case No. 1301/7-S,

Co-operation, Marketing and Textile Dept.
Mantralaya, Mumbai – 400 032.
Date:- 5th December 2013.

Read:- Letter vide outward No. Aartha/Vasa/Na Ma Sa/Bank accounts/13/Dt. 5-09-

2013 from Commissioner Co-operation and Registrar, Co-operative Societies,
Maharashtra State, Pune.

ORDER

Whereas, an amendment has been made recently in the Maharashtra Co-operative Societies
Act 1960 and a provision to invest fund of the Co-operative Societies in District Central Co-
operative Banks having ‘A’ audit class from last 3 consecutive years or in the State Co-
operative Bank has been made in section 70(a) of the said act and,

Whereas, Reserve Bank of India has prevented three District Central Co-operative Banks from
Wardha, Buldhana and Nagpur districts to accept new deposits under section 35-A of the
Banking Regulation Act 1949 as they have not banking licence. Similarly when review of last
ten year was taken, the Seven District Central Co-operation Banks from Mumbai, Thane,
Raigad, Ahmednagar, Pane, Satara and Latur Districts have received ‘A’ class of audit, and,

Whereas, while considering difficulties arised in opening accounts to the proposed co-
operative societies and investment of funds to the registered Co-operative Societies, the
Commissioner, Co-operation and Registrar, Co-operative Societies, Maharashtra State, Pune
has submitted proposals of giving sanctions for opening accounts to the proposed co-
operative societies and for investing funds to registered co-operative societies in Urban Co-
operative Societies receiving ‘A’ or ‘B’ class in statutory audit during last three consecutive
years and having head quarter in district and similarly in the Nationalized or Regional banks
situated at the head quarter of the society respectively to the Government vide letter dt. 5th
September 2013, and,

Whereas the Government is ascertained that it will be proper to give approval to proposed
Co-operative Societies for opening accounts and to Registered Co-operative Societies for
investing fund in the Urban Co-operative Banks working in the district and receiving ‘A’ Class
in audit during last consecutively three years and similarly nationalized and regional banks
situated at the place of society’s headquarter respectively.

Therefore, according to the power obtained under Section 70(d) of the Maharashtra Co-
operative Societies Act 1960, approval has been given for opening bank accounts to the
proposed Co-operative Societies and investing fund to the registered Co-operative Societies in
the Urban Co-operative Banks working in the district and receiving ‘A’ Class in Statutory audit
in last consecutive three years and similarly nationalized or regional banks situated at the
headquarter of the societies. However in which Urban Co-operative bank such fund is going to
be invested, the precaution should be taken that the violation of provision about raising
outside loans in rule 35 of the Maharashtra Co-operative Societies Rule, 1961 shall not be
done by such banks.

In the name & order of Governor of Maharashtra.

Sd/-
(Rajgopal Devra)
Secretary, Govt. of Maharashtra
Co-operation, Marketing & Textile Department.
 शासन

मांक सीसीआर -1113 / 1301/7-एस,

सहकार, व
, मुंबई - 400 032.
:-5 2013.
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वाचा: - . / वसा / ना मा सा / बँक खाती / 13 / . 5-09-2013 सहकार व

, , , पुणे.

तर, १960 नुकतीच एक

असून 'अ'
सलग years तरतूद आहे . बँक
कलम 70 (अ) आहे ,

तर बँक ऑफ , बुलढाणा नागपूर तीन

बँकांना 1949 कलम-35-ए
नवीन ठे वी केले आहे कारण ग
परवाना . दहा आढावा आला असता, मुंबई, ठाणे,
रायगड, अहमदनगर, पने, सातारा लातूर सात
बँकांना ‘अ’ झाला ,

खाते अडचणी व
अडचणी घेता, , सहकार व , ,
, पुणे यांनी सादर केले आहे त. खाते
तीन 'ए' 'बी'

दे ण.े
शासनाला .5 2013, ,
शासनाची आहे खाते व
व 'अ'
दे णे ठरे ल. मागील सलग तीन कालावधीत

बँका.

, 1960 कलम (डी)

, बँक खाती
आहे . बँका तीन
आहे त 'अ' करतात
बँका.
परं तु बँकेने अशा गुंतवणूक जात आहे ,
अशी 1961 in 35
अशा बँकांकडू न केले जाणार ..

नावे व आदे शानुसार

एसडी / -
(राजगोपाल दे वरा)
, सरकार
सहकार, पणन व