APCOB had recommended extension of these benefits to employees of District Co-operative Central Bank to the Registrar of Co-operative Societies, who in turn, in exercise of the powers conferred under Section 116-C of the A.P. Co-operative Societies Act, 1964, had extended these benefits with prospective effect from the date of issuance of the order dated 07-11-1996. Learned Standing Counsel would submit that, since the benefit can only be granted after approval of the Registrar of Co-operative Society under Section 116-C of the Act, these benefits were extended from that date and not prior thereto. Learned counsel submits that the cut-off date of 07-11-1996 has been made applicable not only to employees of the Karimnagar District Cooperative Central Bank, but to all the A.P. State Co-operative Bank employees in the State and that no exception can be made in respect of employees of the Karimnagar District Co-operative Central Bank, while fixing the cut-off date as 07-11-1996.