The Meghalaya Credit Operation and Miscellaneous Provisions Rules, 1979.
State Rules of Meghalaya · 197625 provisions
The enactment
| Long title | The Meghalaya Credit Operation and Miscellaneous Provisions Rules, 1979. |
|---|---|
| Type | Rules |
| Year | 1976 |
| Jurisdiction | State of Meghalaya |
| Ministry | Meghalaya Law Department |
| Status | In force as published by the source |
| Provisions published | 25 |
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- Section 1 Short title and commencement
- Section 2 Definition
- Section 3 Action to be taken by the Bank prior to the making of application referred to in Rule 4
- Section 4 Application by the bank for distraint
- Section 5 Service of notice to show cause against distraint on the agriculturist
- Section 6 Mode of service of notice
- Section 7 Procedure where no cause is shown against distraint
- Section 8 Custody of distrained property
- Section 9 Time when the distraint can be made
- Section 10 Distraint of crops or ungathered produce
- Section 11 Entry of the distrainer on private premises for distraining
- Section 12 Sale of distrained property by public auction
- Section 13 Recovery of sale proceeds from purchasers
- Section 14 Utilisation of sale proceeds
- Section 15 Release of distrained property on payment of the amount due by the agriculturist or by any person claiming interest in the property
- Section 16 Registration of charge/mortgage in favour of bank
- Section 17 Inspection of the records of the Registrar
- Section 18 Noting of charge or mortgage under Section 8 of the Act
- Section 19 Action to be taken by the bank prior to the making of application under Section 10 of the Act
- Section 20 Application under Section 10 of the Act
- Section 21 Services of notice under Section 10 of the Act
- Section 22 Issue of order by the prescribed authority
- Section 23 Supply of certified copy of the order passed by the prescribed authority to the aggrieved party
- Section 24 Time within which the Bank has to dispose of the property under Section 11 of the Act
- Section 25 Notice, summons, etc., to be issued under the Act/Rules
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