(1) This Act may be called 3 [The Cooperative Agriculture and Rural Development Banks] 1960.
(2) It extends to the whole of the State of Assam
(3) It shall come into force on such date as the State Government may, by notification in the official Gazette, appoint.
Definitions. 2. In this Act, unless there is anything repugnant in the subject or context,- 4 [(a) “Board” means the Board of Directors of the Central Mortgage Bank and includes Managing Body of a registered Society or by whatever name such body is called but does not include the Administrative Council of the Society.
1. Subs. by Assam Act No. VIII of 1990.
2. Subs. by Assam Act No. VIII of 1990.
3. Subs. by Assam Act No. VIII of 1990.
4. Subs. by Assam Act No. IV of 1976.
2
(b) “Central Mortgage Bank” means 1 [The Cooperative Agriculture and Rural Development Bank Ltd.] and includes any other registered Co-operative Society notified by the State Government in this behalf.
(c) “Mortgage Bank” means a 2 [Cooperative Agriculture and Rural Development Bank] of registered under the Assam Co-operative Societies Act, 1949 and includes any other registered Co-operative Societies notified by the State Government in this behalf and admitted as a member of the Central Mortgage Bank.]
(d) “Committee” means, in relation to Mortgage Bank, the Board of Directors or Board of Management or the Panchayat or the Committee of Management or the Governing Body to whom the management of its affairs is entrusted.
(e) “Prescribed” means prescribed by rule made by the State Government under this Act.
(f) “Registrar” means a person appointed to Assam perform the duties of Registrar of Co-operative Societies under the Assam Co-operative Societies' Act of 1949.
(g) “Sale Officer” means the Sale Officer appointed under Section 19 of this Act to attach and sell the property of defaulters or to execute any decree by attachment and sale of property.
(h) “Trustee” means the Trustee appointed under Section 3 of this Act.
Assam Act I of 1950.
Assam Act I of 1950.
Appointment of Trustee and his powers and functions.