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Section 25: Notice, summons, etc., to be issued under the Act/Rules

The Meghalaya Credit Operation and Miscellaneous Provisions Rules, 1979.State Rules of Meghalaya · 1976

Every order, notice, summons or intimation issued by any authority under the Act or under these Rules shall bear the signatures of such authority or such other authority as may be duly authorised in this behalf, and shall be authenticated by the seal of such authority.

6 | T H E M E G H A L A Y A C R E D I T O P E R A T I O N A N D M I S C E L L A N E O U S P R O V I S I O N S R U L E S , 1 9 7 9 .

FORM ‘A’ [See Rule 4 (2)] Before the …………………. (Distrainer)……………….Tehsil……………District………………..

Applicant Bank versus …………………..Opposite party (Agriculturist or his heir of legal representative) Applicant under sub-section (2) of Section 4 of the Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Meghalaya Act 10 of 1976) for the distraint and sale of crop, produce or other movable property.

1. Name and address of the agriculturist (if the agriculturist is dead, the name of his heir or legal representative should also be stated)…………….

2. The amount of the financial assistance…………………

3. Date when the charge was created………………

4. Date when the loan was actually advanced…………………

5. The nature of the transaction and the terms of the loan……………

6. Total amount due (including interest)………..

7. Payments, if any, made by the agriculturist along with the date of such payment……………

8. Net amount due on the date of application (excluding cost)………….

9. Description of the property charged/mortgaged……………..

It is, therefore, requested that the property hereinbefore mentioned may be distrained and sold, and the amount due be paid to the bank.

Agent/Officer-in-charge ……Bank Enclosures: Date ……… FORM B [See Rule 5] Beore the………………(Distrainer)……………….Tehsil……….

District……….

Notice under Rule 5 of the Meghalaya Credit Operation and Miscellaneous Provisions Rules, 1979.

To, Shri………..

…………….

…………….

Whereas Shri……………………..borrowed a sum of Rs……………….on………….19, as financial assistance from………………..Bank…………….Branch, District………………….by creating a charge on the crops, produce or other movable specified below.

7 | T H E M E G H A L A Y A C R E D I T O P E R A T I O N A N D M I S C E L L A N E O U S P R O V I S I O N S R U L E S , 1 9 7 9 .

……………………………………………………………………….

And whereas the amount due to that said bank has not yet been paid and the bank has made on application (copy enclosed) that the property specified below be distrained and sold;

You are, therefore, called upon to pay the sum of Rs…………………...within a period of fifteen days from the date of service of this notice and/or to show cause why the property specified below be not distrained and sold and the amount due be not paid to the bank from the sale proceeds thereof.

Description of the crop, produce or another movable charged.

………………………………………..

Date………. …………………………..

Enclosures: (Distrainer) FORM ‘C’ [See Rule 20 (1)] Before the Prescribed Authority………………………Applicant (Bank).

Versus Opposite party (Agriculturist or his heir or legal representative) Applicant under Section 10 of the Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Meghalaya Act 10 of 1976).

1. Name of the agriculturist to whom financial assistance was granted (if the agriculturist is dead, the name of his heirs or legal representatives should also be stated) ……………………………………………….

2. The amount of financial assistance ……………………………………………….

3. Date when the deed was executed ……………………………………………….

4. Date when the deed was registered ……………………………………………….

5. Date when the loan was actually advanced ……………………………………………….

6. The nature of the transaction and the terms of the loan. ……………………………………………….

7. Total amount due (including interest) ……………………………………………….

8. Payments, if any, made by the agriculturists along with the date (s) of such payments. ……………………………………………….

9. Net amount due on the date of application (excluding post) ……………………………………………….

10. Description of the property charged/mortgaged ……………………………………………….

It is, therefore, requested that the amount due to the bank may be directed to be paid by the sale of the property hereinbefore mentioned.

Agent/Officer-in-Charge Enclosures ……………….

Date……………. Bank 8 | T H E M E G H A L A Y A C R E D I T O P E R A T I O N A N D M I S C E L L A N E O U S P R O V I S I O N S R U L E S , 1 9 7 9 .

FORM ‘D’ [See Rule 21] Before the Prescribed Authority Notice under Section 10 of the Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Meghalaya Act 10 of 1976).

To Shri………….

………… ………… Whereas ,Shri……………………………borrowed a sum of Rs…………..as financial assistance/from……………….Bank……….Branch district…………………….on the basis of the deed of charge/mortgage executed on……………………in respect of the property specified below;

And whereas, the amount due to the said bank has not yet been paid and the bank has made and application (copy enclosed) the property specified below be sold;

Now, therefore, in exercise of the powers under the proviso to Section 10(1) you are hereby called upon to pay the entire amo8unt due to the said bank within a period of thirty days from the date of service of this notice.

Please take notice that in the case of default, the property specified below shall be sold in accordance with the provisions of the Act and Rules made thereunder.

Description of the property charged/mortgaged:

……………………………………………………….

……………………………………………………….

………………………………………………………. …..……………………… Date…………….19……. (Prescribed Authority) Seal Enclosures:

________________ cover page The Meghalaya Credit Operation and Miscellaneous Provisions Rules, 1979

Where this provision sits

ActThe Meghalaya Credit Operation and Miscellaneous Provisions Rules, 1979.
Section25
Marginal noteNotice, summons, etc., to be issued under the Act/Rules
JurisdictionState of Meghalaya
StatusIn force as published by the source

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