Keith Varghese
I had a doubt hope you could answer. If a co operative bank has an issue with the 97th amendment regarding co operative societies , can it file a suit in the court?
My question is regarding the locus standi of the co operative bank since they are governed by the banking laws and only registration is done under co operative societies act is there any way they can be aggrieved and can prove it in court to maintain the suit because of the 97th amendment in the constitution of India.
I C Naik
My personal view is 97th C A A is on organisational matters of Cooperative Society especially to enable them run their affairs on democratic principles (Unlike our Governments and ourpolitical parties) and with autonomy to its members in managing its business. These have really nothing to do with so called interference in business and for that RBI is there. How (UN) well Cooperative banks are being run in India is not a secret any more. So 97th CAA is good for banks also.
At the same time, not many agrees with above. See the following post on www.indiancooperative.com
Tags: Chandy, COOPERATIVE BANKS, cooperative societies ordinance 2012,kerala cooperative, kerala high court, NCUI
Kerala Cooperative banks oppose govt ordinance
Posted on 18 February 2012 by Manoj Kushwah
