Rule:
Further to amend the Maharashtra Co-operative Societies Act, 1960. WHEREAS it is expedient further to amend the Maharashtra Co-operative Societies Act, 1960, for the purposes hereinafter appearing; it is hereby enacted in the Seventy-fifth Year of the Republic of India, as follows :— 1. This Act may be called the Maharashtra Co-operative Societies (Second Amendment) Act, 2024. 2. After section 69 of the Maharashtra Co-operative Societies Act, 1960 (hereinafter referred to as “the principal Act”), the following section shall be inserted, namely:––
“69A. (1) There shall be constituted
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Regulatory framework and employee co-operative credit society in Maharashtra: - regulatory framework is necessary for any financial institution the main aim of the regulation is to safeguard the interest of a large number of shareholders and depositors and to ensure the proper functioning of the financial institution which is part and parcel of the financial system. The Employee's Co-operative Credit Society plays an important role by providing financial help to the laborers, workers, and employees.
Registration U/S-4 to 8:- Such a Society must be registered under the MSC Act. This society
Registration U/S-4 to 8:- Such a Society must be registered under the MSC Act. This society
How Does Cash Reserve Ratio Work:
When the RBI decides to increase the CRR, the available amount of money with the banks reduces. This is the way of RBI's way that to be controlling the excess flow of money in the economy. The cash balance is to be maintained by scheduled banks with the RBI should not be less than 4% of the total NDLT. The NDLT refers to the total demand and time liabilities that are held by the banks which includes the deposits of the general public and the balances held by the bank with other banks.
Advantages of CRR:
CRR can help commercial banks to build and sustain t
When the RBI decides to increase the CRR, the available amount of money with the banks reduces. This is the way of RBI's way that to be controlling the excess flow of money in the economy. The cash balance is to be maintained by scheduled banks with the RBI should not be less than 4% of the total NDLT. The NDLT refers to the total demand and time liabilities that are held by the banks which includes the deposits of the general public and the balances held by the bank with other banks.
Advantages of CRR:
CRR can help commercial banks to build and sustain t
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The Florence WTP required replacing and updates old equipment to improve the plant’s reliability, extend its operating life and meet stricter water quality regulations. Updating a 125-year-old water facility, it’s a high-risk, high-stakes undertaking.
To fulfil the task at hand, the
The Florence WTP required replacing and updates old equipment to improve the plant’s reliability, extend its operating life and meet stricter water quality regulations. Updating a 125-year-old water facility, it’s a high-risk, high-stakes undertaking.
To fulfil the task at hand, the
