APPLICATION FORM FOR LICENCE BY A CO-OPERATIVE SOCIETY TO COMMENCE BANKING BUSINESS AS A STATE CO-OPERATIVE BANK

The Banking Regulation Act, 1949
FORM 111-C
(See rule 6)
(Section 22)
 
Form of application for a licence to commence banking business by a cooperative
society registered in India with the object of commencing banking business
as a State cooperative bank
 
Address of the bank:
Date of application: 		

The Chief Officer, 
Rural Planning and Credit Department, 
Reserve Bank of India, 
Central Office, 
Bombay.
 
(Through :	The Officer-in-Charge,
	Rural Planning and Credit Department,
		Reserve Bank of India,
	Regional Office .........................................)
Dear Sir,
Application for a licence to commence banking business ..................
 
We hereby apply for a licence to commence business in terms of section 22 of the Banking Regulation Act, 1949 (as applicable to co-operative societies). A copy of the resolution of the board of directors dated……………in support thereof is enclosed. A copy of the registered bye-laws and certificate of registration of the bank duly certified as true by the Registrar under his seal are also enclosed. We enclose the required particulars in the annexure prescribed for the purpose.
 
Yours faithfully, Signature....................... Designation ...................
 
Encls: sheets.
 
N.B. If the registered bye-laws and the certificate of registration are not in English, a copy of their translation in English duly certified, should be forwarded.
 
Annexure
 
1 . Name of the co-operative society
2. Place of location of the registered office of the society
3. Area of operation
4. Registration No. and date of registration under the relevant Co-operative Societies Act
5. Names and addresses of members of the board of directors and their occupation (Appendix)
6. Particulars of share capital of the society as on the date of application:
(a) Authorised
(b) Subscribed
(c) Paid-up

7. Membership
---------------------------------------------------------------------------------------------------------------------------------
No. of				No. of  				Paid-up
members			shares				share capital
allotted to			contributed
the members			by the
members
(Rs. in lakhs)

(i)	Central co-operative banks
(ii)	Primary agricultural credit societies (PACS, FSS, LAMPS, etc.)
(iii)	Industrial Co-operatives
(iv)	Weavers Societies
(y)	Marketing Societies
(0)	Consumers Societies
(vii) 	Housing Societies
	(viii)	Primary Co-operative Banks
(ix)	Other Co-operative Societies
(x)	Individuals, including partnership firms, joint stock companies, etc.
(Note: Particulars of sub-items (h) to (x) are required if the State co operative bank lends/proposes to lend to such units direct).
(xi) Central/State Government
(xii) Others
 
8. Mention detailed reasons for starting the State co-operative bank.
9. Estimated value of the annual production in the area of operation:
 
						Commodity		Volume				Value
														(Rs. in lakhs)
	_____________________________________________________________________________
		
(a) Industrial
		(b) Agricultural
		(c) Minerals
(a)	(e)    Other categories, (if any)
_________________________________________________________________________________________
 
	10.	Estimated value of imports and exports
	_____________________________________________________________________________
Imports					Exports
_____________________________________________________________________________
Commodity		Volume			Value		Commodity		Volume				Value
				(Rs. in lakhs)						(Rs. in lakhs)
 
11.If there are any schemes for agricultural, mineral or industrial development, give details of the same and their probable effect on the volume and value of the present production, import and export and consequently on the deposits growth and credit demand.
 
12. Estimate of loans and advances							(Rs. in lakhs)
________________________________________________________________________________________
 
At the end of
Source	__________________________________________________________________________________	
1 st year loans		2nd year loans		3rd year loans		4th year loans		5th year loans                      
	and advances		and advances		and advances		and advances 		and advances
	___________		____________	____________	____________	___________
Category
During	Out-		During	Out-		During	Out-		During	Out-		During	Out
the 	standing 	the      standing 		the 	standing 	the 	standing 	the standing
	year 	at the end 	year     at the 		year 	at the end 	year	at the end	year  at the
of year			end of year 		of year			of year		end of year
					
(a)	(b)		(a)	(b)		(a)	(b)		(a)	(b)		(a)	(b)
 
1. S.T. (Agri.)
2. S.T. (Marketing)
3. S.T. (Weavers)
4. S.T. (Other industrial)
5. S.T. (Non-agricultural)
6. S.T. (Individual)
7. M.T. (Agri.)
8. M.T. (Non-agricultural)
9. Cash credits
10. Others
_________________________________________________________________________________________
Total
_________________________________________________________________________________________
 
13. Estimate of deposits:										(Rs. in lakhs)
_________________________________________________________________________________________
		At the end of
Source		_____________________________________________________________________________
	1st year 	2nd year 	3rd year 	4th year 	5th year
 
(i)	Co-operative institutions
(ii)	Others		_____________________________________________________________________
	Total		_____________________________________________________________________
 
	Type of deposits:
(i) Current
(ii) Savings
(iii) Fixed
(iv) Others		_____________________________________________________________________
 
Total		______________________________________________________________________
 
14.If the owned resources (own funds + deposits) are inadequate to meet the loaning envisaged, how does the bank propose to raise the balance resources?
15.	Within what period does the bank expect to attain viability?
16.	Any additional facts which the bank desires to add in support of its application.
 
N. B.:	Sources of information may be indicated. If the bank is unable or unwilling to supply details in respect of any of the above items, reasons for the omissions may be given