The Himachal Pradesh Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1972
State Act of Himachal Pradesh · Act 7 of 197329 provisions
The enactment
| Long title | An Act to make provisions to facilitate adequate flow of credit for agricultural production and development through banks and other institutional credit agencies and for matters connected therewith and/or incidental thereto |
|---|---|
| Type | Act |
| Citation | Act 7 of 1973 |
| Year | 1973 |
| Jurisdiction | State of Himachal Pradesh |
| Ministry | Agriculture |
| Status | In force as published by the source |
| Provisions published | 29 |
| Subjects | financial, agriculture |
Full text, provision by provision
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- Section 1 Short title, extent and commencement
- Section 2 Definitions
- 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 crop and other movable property in favour of 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 the Government, a bank and a co-operative society
- Section 9 Registration of charge 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 Restrictions on creation of tenancy by an agriculturist borrower
- Section 12 Removal of bar to attachment and sale by process of court
- Section 13 Recovery of dues of a bank through a prescribed authority
- Section 14 Right of a bank to acquire and dispose of immovable property
- Section 15 Exemption to banks from restrictions on acquisition of land in excess of ceiling
- Section 16 Bank eligible to become member of a co-operative society
- Section 17 Power of co-operative societies to borrow from banks
- Section 18 Inspection of books of a co-operative society by a bank
- Section 19 Disputes between a bank and a co-operative society
- Section 20 Settlement of disputes
- Section 21 Procedure for hearing of disputes
- Section 22 Decision of Registrar or his nominee or board of nominee
- Section 23 Recovery of money awarded
- Section 24 Powers of a bank to proceed against defaulting members of a co-operative society
- Section 25 Audit, inspection and inquiry reports of societies to be available to banks
- Section 26 Exemption from legislations relating to money lending and agriculturists' debt relief
- Section 27 Mortgages executed by managers of joint Hindu families
- Section 28 Modified application of section 8 of Act No. XXXII of 1956
- Section 29 Power of State Government to make rules
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