The Bihar Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977
State Act of Bihar · Act 6 of 198328 provisions
The enactment
| Long title | The Bihar Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977 |
|---|---|
| Type | Act |
| Citation | Act 6 of 1983 |
| Year | 1983 |
| Jurisdiction | State of Bihar |
| Status | In force as published by the source |
| Provisions published | 28 |
| Subjects | financial, agriculture |
Full text, provision by provision
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- Section 1 Short title, extent and commencement
- Section 2 Definition
- Section 3 Removal of restrictions on alienation
- Section 4 State Government may by notification vest agriculturists not having alienable rights with such rights
- Section 5 Charge on crops and other movable property in favour of a bank
- Section 6 Creation of charge on land in favour of a bank by declaration
- Section 7 Removal of disability in creation of charges and mortgages
- Section 8 Priority of charges and mortgages in favour of Government, a bank and a co-operative society
- Section 9 Registration of charges and mortgage in favour of banks
- Section 10 Noting of charge or mortgage created in favour of a Bank in the record of rights
- Section 11 Restriction on creation of tenancy by an agriculturist borrower
- Section 12 Removal of bar to attachment and sale by process of court
- Section 13 Right of a bank to acquire and dispose of immovable property
- Section 14 Exemption to banks from restriction on acquisition of land in excess of ceiling
- Section 15 Bank eligible to become member of a co-operative society
- Section 16 Power of co-operative societies to borrow from banks
- Section 17 Inspection of books of co-operative society by a bank
- Section 18 Disputes between a bank and co-operative society
- Section 19 Settlement of dispute
- Section 20 Procedure for hearing of dispute
- Section 21 Decision of Registrar or any person exercising the powers of Registrar or arbitrator/arbitrators
- Section 22 Recovery of money awarded
- Section 23 Powers of a bank to proceed against defaulting members of a cooperative society
- Section 24 Audit, inspection and inquiry reports of societies to be available to banks
- Section 25 Exemption from legislation's relating to money-lending and agriculturists' debt relief
- Section 26 Mortgages executed by Karta of Joint Hindu Families
- Section 28 Power of State Government to make rules
- Section 29 Repeal and Saving
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