Back

National Bank for Agriculture and Rural Development (Amendment) Act, 2003

Year : 1962

ACT NO. 48 OF 2003.

[19th September, 2003.]

An Act further to amend the National Bank for Agriculture and Rural Development Act, 1981.

BE it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows:-

Section -1 Short title.

This Act may be called the National Bank for Agriculture and Rural Development (Amendment) Act, 2003.
In section 21 of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981) (hereinafter referred to as the principal Act),-

(a) In sub-section (1), in the opening portion, for the words "to State co-operative banks", the words "to State co-operative banks, central co-operative banks" shall be substituted;

(b) In sub-section (3), in clause (a), for the words "to any State co-operative bank", the words "to any State co-operative bank or central co-operative bank"shall be substituted.

Section -3 Substitution of new section for section 22.

For section 22 of the principal Act, the following section shall be substituted, namely:-