APPLICATION FORM BY A CO-OPERATIVE SOCIETY FOR LICENCE TO COMMENCE BANKING BUSINESS AS A CENTRAL CO-OPERATIVE BANK
 
The Banking Regulation Act, 1949
		FORM III B
	(See rule 6)
	(Section 22)
 
Form of application for a licence to commence banking business by a co-operative society registered in India with the object of commencing banking business as a Central co-operative 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 banking 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 certified 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 also 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. 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. Name of the higher financing agency to which the society is affiliated
7. Particulars of share capital of the society as on the date of application
	(a) Authorised
	(b) Subscribed
	(c) Paid-up

8. Membership
	(Rs. in lakhs)
		-------------------------------------------------------------------------------------------
		No. of			No. of			No. of			Paid-up
		existing			members		shares			share
		units			on roll			allotted			capital
1			2			3			4
 
(i)Primary	Agricultural
Credit Societies (PACS,
FSS, LAMPS, etc.)
	(ii) Industrial co-operatives
(iii) Weavers Societies
(iv) Marketing Societies
(v) Consumers Societies
(vi) Housing Societies
(vii) Primary co-operative banks
(viii) Other co-operative societies
(ix) Individuals (including partnership firms, joint stock companies, etc.)
(x) Central/State Government
(i)	(xii)             Others
 
9. State detailed reasons for starting the Central co-operative bank
10.Estimated value of annual production in the area of operation
 
Commodity			Volume				Value
								(Rs. in lakhs)
		(a) Industrial
		(b) Agricultural
		(c) Minerals
(a)	(c)    Other commodities (if any)
(b)	(d)     
11.	Estimated value of imports and exports
Imports					Exports
---------------------------------------------------------------------------------------------------------------------------------
Commodity		Volume			Value		Commodity		Volume			Value
				(Rs. in lakhs)						(Rs. in lakhs)
---------------------------------------------------------------------------------------------------------------------------------
 
12.If there are any schemes for agricultural, mineral or industrial developments, give details of the same and their probable effect on the volume and value of the present production, imports and exports
13. Estimate of loans and advances 	(Rs. in lakhs)
 
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 the Out-	During the	Out-	During the	Out-	During the 	Out-	During the 	Out- 
Year	standing year		standing year		standing year  		standing  year		standing	at the			at the			at the 			at the			at the
	End of the		end  of the 		end of the		end of the		end of the
   	Year			year			year			year			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
---------------------------------------------------------------------------------------------------------------------
 
	14. Estimate of deposits											(Rs. in lakhs)
---------------------------------------------------------------------------------------------------------------------
		At the end of
Source------------------------------------------------------------------------------------------------------------
				1 st year	2nd year	3rd year 	4th year	5th year
	1.Co-operative
	institutions
	2. Others	-------------------------------------------------------------------------------------------------
	
Total		-------------------------------------------------------------------------------------------------

	---------------------------------------------------------------------------------------------------------------------------------
								At the end of
			Type of deposits	----------------------------------------------------------------
					1st year	2nd year	3rd year 	4th year	5th year
	---------------------------------------------------------------------------------------------------------------------------------
(i) Current
(h) Savings
(iii) Fixed
(iv) Others	------------------------------------------------------------------------------------------------------------
 
Total:		------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------------------
 
15.If the owned resources (own fund + deposits) are inadequate to meet the loaning envisaged how does the bank propose to raise the bank's resources?
16.Within what period does the bank expect to attain viability?
17.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 unwifling to supply details in respect of any of the above items, reasons for the omissions may be given.