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Section 55: Power of State Government to make rules

The Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979State Act of Himachal Pradesh · Act 23 of 1979

(1) The State Government may make rules to carry out the purposes of this Act.

(2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for:-

(i) the manner of affecting distraint;

(ii) the custody, preservation and the sale of distrained property;

(iii) the investigation of claims by persons other than the defaulters, to any right or interest in the distrained property;

and the postponement of the sale pending such investigation;

(iv) immediate sale of perishable articles;

(v) the due proclamation and the conduct of sale;

(vi) the deposit of the purchase money;

(vii) the resale of the property, if the purchase money is not deposited;

(viii) the recovery of expenses of the proclamation;

(ix) the manner of giving public notice of the application of the loan;

1. Substituted for the words "Primary Land Development Banks" vide H.P. Act No.

16 of 1987, effective from 16th November, 1987.

2. Substituted for the words "Primary Land Development Bank" vide H.P. Act No.

16 of 1987, effective from 16th November, 1987.

3. Substituted for the words "Primary Land Development Bank" vide H.P. Act No.

16 of 1987, effective from 16th November, 1987.

4. Substituted for the words "Primary Land Development Bank" vide H.P. Act No.

16 of 1987, effective from 16th November, 1987.

THE HIMACHAL PRADESH CO-OPERATIVE AGRICULTURE AND RURAL 35 DEVELOPMENT BANKS ACT, 1979

(x) the person competent to give public notice;

(xi) the manner of hearing and disposing of objections in regard to application of loan;

(xii) the rate at which the State Bank and the 1[Primary Agriculture and Rural Development Banks] shall contribute to the guarantee fund;

2[(xiii) the form of declaration under section 12;

(xiv) the form of notice under sub-section (2) of section 17;and

(xv) any other matter required or allowed by this Act to be prescribed.]

(3) All rules made by the State Government under this section shall be laid before the Legislative Assembly as soon as may be after they are made.

Where this provision sits

ActThe Himachal Pradesh Co-operative Agriculture and Rural Development Banks Act, 1979
Section55
Marginal notePower of State Government to make rules
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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