(1) Notwithstanding anything contained in the Indian Registration Act, 1908 (16 of 1908)–
(a) it shall not be necessary to register a mortgage executed in favour of the 1[State Co-operative Agricultural and Rural Development Bank] or any 1[Co-operative Agricultural and Rural Development Bank] where the concerned bank sends within such time and in such manner as may be prescribed a copy of the mortgage deed to the registering officer having jurisdiction, who shall file such copy in the book maintained under Section 51 of the said Act, and
1. Substituted by Orissa Act 28 of 1991.
2. Substituted by Orissa Act 28 of 1991.
3. Omitted by ibid.
4. Inserted by Orissa Act 11 of 2004.
5. Substituted by Orissa Act 19 of 1983.
6. Substituted by Orissa Act 28 of 1991.
7. Substituted by Orissa Act 11 of 2004.
8. Omitted by Orissa Act 28 of 1991.
9. Omitted by Orissa Act 19 of 1983.
10. Omitted by Orissa Act 28 of 1991.
11. Inserted by Orissa Act 19 of 1983.
(d) for converting one class of debentures into another bearing a different rate of interest;
(e) for the inspection of the account books and proceedings of 1[Cooperative Agricultural and Rural Development Bank;]
(f) for the submission of returns and reports by 1[Co-operative Agricultural and Rural Development Banks] in respect of their transaction;
(g) for the periodical settlement of accounts between 1[Co-operative Agricultural and Rural Development Banks] and for the payment of amounts recovered by 1[Co-operative Agricultural and Rural Development Bank] on mortgages transferred or deemed under the provisions of Section 87 to have been transferred to the 1[State Co-operative Agricultural and Rural Development Bank];
(h) for specifying the form in which applications to 1[State Co-operative Agricultural and Rural Development Bank] for loans should be made and for the valuation of the properties afforded as security for such loans;
(i) for the investment of moneys realised from mortgages; and
(j) generally for the purpose of carrying out the provisions of this Chapter.
1[101-A. Certain provisions to apply to charge :– The provisions contained in Sections 85,86,87,87-A,88,89,90,91,92,93,94,95,96,98-A and Section 101, shall mutatis mutandis, apply to charges (including any variations thereto) created in favour of a 2[Co-operative Agricultural and Rural Development Bank.
CHAPTER - XII EXECUTION OF AWARDS, DECREE, ORDERS AND DECI- SIONS