Keith Varghese
Respected sir,
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?
I C Naik
My personal view is 97th C A A is on organizational matter of Cooperative Society especially to enable them run their affairs on democratic principles (Unlike our Governments and our political parties) and with autonomy to its members in managing its business.
These have 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
‘Kerala Cooperative banks oppose govt ordinance’