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Andhra Pradesh Single Window Co-operative Credit Structure at State Level Act, 1994 (Act No. 14 of 1994).

Country/Territory
India
Territorial subdivision
Andhra Pradesh
Document type
Legislation
Date
1994
Source
FAO, FAOLEX
Long title
An Act to usher in the Single Window Co-operative Credit System at the state level and to make consequential amendments to the Andhra Pradesh Co-operative Societies Act, 1964.
Subject
Agricultural & rural development
Keyword
Agricultural development Financial agricultural measures Governance Institution
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Abstract

This Act merges the Andhra Pradesh State Co-operative Bank and the Andhra Pradesh Co-operative Central Agricultural Development Bank. It abolishes the Andhra Pradesh Central Co-operative Agricultural Development Bank (Bank) and all the powers, rights, properties, assets and privileges shall devolve upon the Andhra Pradesh State Co-operative Bank Limited (Successor Bank). All contracts including guarantees, deeds, bonds, debentures, agreements, powers of attorney or other instruments in favour of Bank shall stand in favour of the Successor Bank. All legal proceedings pending shall continue against the Successor Bank and all personnel and staff shall continue to hold office under the Successor Bank. The Andhra Pradesh Cooperative Societies Act, 1964 is amended in so far as the words ‘Central Agricultural Development Bank’, wherever they occur in the Act, are substituted by the words ‘The Andhra Pradesh State Co-operative Bank Limited’.

Full text
English
Website
www.indiacode.nic.in