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Section 120B

Application of Banking Regulation Act, 1949 . — The provisions of this Act shall apply to a multi -State co -operative society in respect of matters relating to incorporation, regulation and winding up:

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120B. Application of Banking Regulation Act, 1949 . — The provisions of this Act shall apply to a multi -State co -operative society in respect of matters relating to incorporation, regulation and winding up: Provided that in case of a multi -State co -operative society carrying on the business of banking, the provisions of the Banking Regulation Act, 1949 (10 of 1949) shall also apply.]