The Rajasthan Agricultural Credit Operation (Removal of Difficulties) Act, 1974
State Act of Rajasthan · Act 22 of 197430 provisions
The enactment
| Long title | An Act to make provisions to facilitate adequate flow of credit for agricultural production and development through banks and other institutional credit agencies and for matters connected therewith and/or incidental thereto. |
|---|---|
| Type | Act |
| Citation | Act 22 of 1974 |
| Year | 1974 |
| Jurisdiction | State of Rajasthan |
| Status | In force as published by the source |
| Provisions published | 30 |
| Subjects | agriculture |
Full text, provision by provision
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- Section 1 Short title and extent
- Section 2 Definitions
- Section 3 Removal of restrictions on alienation
- Section 4 State Government may by notification, vest agriculturists not having alienable rights
- Section 5 Charge on crop and other movable property in favour of a bank
- Section 6 Creation of charge on land in favour of a bank by declaration
- Section 7 Removal of disabilities in creation of charges and mortgages
- Section 8 priority of charges and mortgages in favour of government, a bank and a Co-operative Society
- Section 9 Registration of charge and mortgage in favour of banks
- Section 10 Noting of charge or mortgage created in favour of a bank in the Record of Rights
- Section 11 Restriction on creation of tenancy by an agriculturist borrower
- Section 12 Removal of bar to attachment and sale by process of court
- Section 13 Recovery of dues of a bank through a prescribed authority
- Section 14 Right of bank to acquire and dispose of immovable property
- Section 15 Exemption to Banks from restriction on acquisition of land in exercise of ceiling
- Section 17 bank eligible to become member of a Co-operative Society
- Section 18 Power of Co-operative Societies to borrow from banks
- Section 19 Inspection of books of a Co-operative Society by a bank
- Section 20 Disputes between a Bank and a Co-operative Society
- Section 21 Settlement of disputes
- Section 22 procedure for hearing of disputes
- Section 23 Decision of Registrar or his nominee or Board of Nominees
- Section 24 Recovery of money awarded
- Section 25 Power of a Bank to proceed against defaulting members of a Cooperative Society
- Section 26 Audit, inspection and enquiry reports of societies to be available to banks
- Section 27 Exemption form legislation relating to money lending and agriculturists debt relief
- Section 28 Mortgages excluded by managers of Joint Hindu families
- Section 29 Modified application of section 8 of Act 32 of 1956
- Section 30 power of State Government to make rules
- Section 31 Repeal and Savings
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