The Maharashtra Provision of Facilities for Agricultural Credit by Banks Act, 1974.
State Act of Maharashtra · Act 5 of 197525 provisions
The enactment
| Type | Act |
|---|---|
| Citation | Act 5 of 1975 |
| Year | 1975 |
| Jurisdiction | State of Maharashtra |
| Ministry | Govt of Maharashtra |
| Status | In force as published by the source |
| Provisions published | 25 |
| 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 Charge on crop and other movable property in favour of a bank.
- Section 5 Creation of charge on land in favour of bank by declaration.
- Section 6 Removal of disability in creation of charges and mortgages.
- Section 7 Priority of charges and mortgages in favour of a bank, Government and co-operative society.
- Section 8 Registration of charge or mortgage in favour of a bank.
- Section 9 Registration of charge or mortgage in favour of a bank.
- Section 10 Restrictions on creation of tenancy by agriculturist borrower.
- Section 11 Recovery of dues of bank through prescribed authority.
- Section 12 Rights of bank to acquire and dispose of immovable property.
- Section 13 Exemption to bank from restrictions on acquisition of land in excess of ceiling.
- Section 14 Bank eligible to become member of co-operative society.
- Section 15 Inspection of books of a co-operative society by a bank.
- Section 16 Disputes between a bank and a co-operative society.
- Section 17 Settlement of disputes.
- Section 18 Recovery of money awarded.
- Section 19 Powers of a bank to proceed against defaulting members of a co-operative society.
- Section 20 Audit, inquiry and inspection reports of societies to available to banks.
- Section 21 Exemption from legislations relating to money-lending and relief of agricultural indebtedness.
- Section 22 Mortgage executed by managers of joint Hindu family.
- Section 23 Modified application of section 8 of Act XXXII of 1956.
- Section 24 Mortgages not to be questioned on insolvency of mortgagors.
- Section 25 Power of State Government to make rules.
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