(1)
Ļ¯ೇಷ ªಾಜÍ ಪĦÎೆ
GOVERNMENT OF KARNATAKA
NO: RD 16 GRC 2019
Karnataka Government Secretariat,
M. S. Building,
Bengaluru, Dated: 19-02-2021
NOTIFICATION
It has come to the notice of the Government, that the financial
establishments viz., Shri Basaveshwar Multipurpose Souharda Sahakari
Niyamit, Belagavi is involved in the fraudulent transactions and failed to return
deposits to their depositors. Hence, the Government has decided to initiate
action as per the provisions specified under the Karnataka Protection of Interest
of Depositors in Financial Establishments Act, 2004 (Karnataka Act 30 of 2005).
The properties belonging to the said financial entities may have spread over
in various districts and depositors are scattered throughout the State of
Karnataka and possibly in other States also. In order to avoid duplication of
efforts, necessity has arisen to authorize Competent Authority to call for claims
from all the depositors of Shri Basaveshwar Multipurpose Souharda Sahakari
Niyamit, Belagavi.
Therefore, in exercise of the powers conferred by Section 5(1) of The
Karnataka Protection of Interest of Depositors in Financial Establishments Act,
2004 (Karnataka Act.30 of 2005), the Government
of Karnataka, hereby appoint Assistant Commissioner, Chikodi Sub-Division,
Chikodi as the ‘Competent Authority’ in respect of Shri Basaveshwar
Multipurpose Souharda Sahakari Niyamit, Belagavi with immediate effect.
By Order and in the name of the
Governor of Karnataka
(Vijay D.S)
Under Secretary to Government
Revenue Department (Special Cell)
¨sÁUÀ – 3
Part –III
, 19
, 2021 (
, 30,
, ೧೯೪2)
BENGALURU, FRIDAY, 19, FEBRUARY, 2021 (Magha, 30, SHAKAVARSHA, 1942)
. 198
No. 198