Section 87: Winding up of co-operative bank at the direction of Reserve Bank.

Q: What does Section 87 of The Multi-State Co-operative Societies Act, 2002 (TMSCSA) deal with?

Section 87 TMSCSA pertains to "Winding up of co-operative bank at the direction of Reserve Bank.". It is part of the The Multi-State Co-operative Societies Act, 2002, a legislation enacted by the Parliament of India. Section 87 of The Multi-State Co-operative Societies Act, 2002 (TMSCSA) governs winding up of co-operative bank at the direction of Reserve Bank. As verified on 22 May 2026.

Q: Is Section 87 TMSCSA still in force?

Yes, Section 87 of the The Multi-State Co-operative Societies Act, 2002 is currently in force across the Republic of India.

Q: What is धारा 87 TMSCSA?

धारा 87 TMSCSA is the Devanagari Hindi reference for Section 87 of the The Multi-State Co-operative Societies Act, 2002. Section 87 of The Multi-State Co-operative Societies Act, 2002 (TMSCSA) governs winding up of co-operative bank at the direction of Reserve Bank. As verified on 22 May 2026.

Q: What is Dhara 87 TMSCSA?

Dhara 87 TMSCSA is the Roman Hindi reference for Section 87 of the The Multi-State Co-operative Societies Act, 2002. "Dhara" means "Section" in Hindi. Section 87 of The Multi-State Co-operative Societies Act, 2002 (TMSCSA) governs winding up of co-operative bank at the direction of Reserve Bank. As verified on 22 May 2026.

Q: How to cite Section 87 of The Multi-State Co-operative Societies Act, 2002?

Cite as: "Section 87, The Multi-State Co-operative Societies Act, 2002 (TMSCSA)" in legal briefs. For academic writing, use the BlueBook format: The Multi-State Co-operative Societies Act, 2002, 2002, § 87 (India).

Law on Tips Editorial Board

Notwithstanding anything to the contrary contained elsewhere in this Act, the Central Registrar shall make an order for the winding up of a co-operative bank, if so required by the Reserve Bank in the circumstances mentioned in section 13D of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961).