Question

Under Rule 13(1) of KCS Rules, which approvals must a Co‑operative Bank obtain before convening a society approval meeting for a scheme affecting capital structure?

• A. Registrar’s approval and approval from the National Bank for Agriculture and Rural Development (NABARD)
• B. Registrar’s approval and prior consent from the Reserve Bank of India (RBI)
• C. Prior consent from the Reserve Bank of India (RBI) and approval from the Ministry of Finance
• D. Registrar’s approval and approval from the State Government's Department of Cooperation

Answer 1

Answer:

B. Registrar’s approval and prior consent from the Reserve Bank of India (RBI)

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