# DCS Act 2003, Section 18

- Act: DCS Act 2003 (Act 149 of 2005)
- Source URL: https://indiacode.ecourtsindia.com/dcs-act-2003/section/18/

## Text

(1) When an order of moratorium has been made by the Central Government under sub-section (2) of section 45 of the Banking Regulations Act, 1949 (10 of 1949) in respect of a co-operative bank, the Registrar, with the previous approval of the Reserve Bank in writing, may, during the period of moratorium, prepare a scheme - (a) for the reorganisation of the co-operative bank; or (b) for the amalgamation of the co-operative bank with any other co-operative bank. Liability of a co-operative bank to the Deposit Insurance Corporation.

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