Sir, we the multi-state cooperative society wish to operate passenger Bus transport services. Can we do so without the permission of concerned state Government ?
“In case of multi-State cooperative society, it can operate in more than one State as a matter of right, under the Act and no permission of any State is required to do its business.” Please advise.
I C Naik
State Transport Rules vary from State to State. MSCS is a central Act. There cannot be any “right across all States” in the matter which is a subject of the State. Take permit from RTO of each State.
How safe is CKP Bank ?
I have large fixed deposits at CKP bank, Mumbai. Given the panic, should I prematurely take out the deposits?
Please let me know
I C Naik
Fixed Deposits up to Rs one lac are insured against risks of bank failure. It is better to spread the amount exceeding this to other banks.