Co-Operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter V : Amalgamation, Division, Conversion, Transfer, Judicial Management and Winding-Up of Co-Operative Banks

30A. Co-operative Banks as designated institutions in terms of Financial Sector Regulation Act, 2017
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Sections 27, 28, and 29 do not apply to a co-operative bank in respect of which a determination in terms of section 166J of the Financial Sector Regulation Act is in force.

 

[Section 30A inserted by section 24 of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]