Cancellation of registration. - SPAN class=amd1>[(1)] The registration of a banking company as an insured bank shall stand cancelled on the occurrence of any of the following events, namely:

[ Registration of co-operative banks

[ Registration of defunct co-operative banks

Circumstances in which Reserve Bank may require winding up of co-operative banks. - (1) The circumstances referred to in sub-clause (ii) of clause (gg) of section 2 (being circumstances in which the Reserve Bank may require the winding up of a co-operative bank) are the following, namely:

[ Cancellation of registration of an insured bank for non-payment of premium