(1) With effect from the commencement of the Uttar Pradesh Sahakari Gram Vikas Bank 3 (Amendment) Act, 1989 any reference in any law or statutory instrument—
(a) to [Uttar Pradesh Sahakari Gram Vikas Bank] 3 mortgage bank or [Uttar Pradesh Sahakari Gram Vikas Bank] 3 , shall be construed as a reference to the [Uttar Pradesh Gram Vikas Bank;]
3
(b) to a land mortgage bank or a Gram Vikas Bank shall be construed as a reference to a [Gram Vikas Bank.]
2
(1) The Name of [Uttar Pradesh Sahakari Gram Vikas Bank] 3 or a [Krishi Evam Gram Vikas Bank] 4 existing on the date of commencement of the Uttar Pradesh Sahakari Gram Vikas Bank (Amendment) Act, 1989 shall be changed as the [Uttar Pradesh Sahkari Gram Vikas Bank] 5 or as the case may be [Gram Vikas Bank] 4 , by the registrar by order in writing and the original certificate and bye-laws of such banks shall stand amended accordingly and such change of may, made under order of the registrar, be deemed to be a change of name duly effected by the society under the Uttar Pradesh Co-operative Societies Act, 1965.
Where a mortgage is executed by a person directly in favour of the [Uttar Pradesh Sahakari Gram Vikas Bank] 5 all references to [Gram Vikas Bank] 4 in section 14, 20, 22, 23, 26 and 27 shall be deemed to be references to the 5 [Uttar Pradesh Sahakari Gram Vikas Bank.]
1 [References to banks in other Acts now construed after the commencement of the Uttar Pradesh Sahakri Krishi Evam Gramya Vikas Bansa (Amendment) Act, 1994 28-A (1) With effect from the commencement of the Uttar Pradesh Sahakari Krishi Evam Gramya Vikas Bank (Amendment) Act, 1994, any reference in any law or statutory instrument-
(a) to the Uttar Pradesh Rajya Sahakari Krishi Evam Gramya Vikas Bank shall be construed as a reference to the Uttar Pradesh Sahakari Gram Vikas Bank;
(b) to the Rajya Krishi Evam Gramya Vikas Bank shall be construed as a reference to the Uttar Pradesh a Gram Vikas Banks;
(c) to a Krishi Evam Gramya Vikas Bank shall be construed as a reference to a Gram Vikas Bank;
(d) to a Sahakari Srishi Evam Gramya Vikas Bank shall be construed as a feference to a Sahakari Gramya Vikas Bank.
(2) The names of the “Uttar Pradesh Rajya Sahakari Krishi Evam Gramya Vikas Bank” and “Krishi Evam Gramya Vikas Bank” existing on the date of commencement of the Uttar Pradesh Sahakari Krishi Evam Gramya Vikas Banks (Amendment) Act, 1994 shall be changed respectively as the “Uttar Pradesh Sahakari Gram Vikas Bank”, and “Gram Vikas Bank” by the Registrar by order in writing and the original certificate and bye-laws of such bank shall stand amended accordingly and such change of name, made under order of the Registrar, be deemed to be a change of name duly effected by the society under the Uttar Pradesh Co-operative Societies Act, 1965.
1. Subs. by section 13 of U.P. Act No. 16 of 1989.
2. Subs. by section 4 (b) of U.P. Act No. 19 of 1994.
3. Subs. by section 4 (c) ibid.
4. Subs. by section 4 (d) ibid.
[The Uttar Pradesh Sahakari Gram Vikas Bank Act, 1964] [Section 29-30]
(3) Where a mortgage is executed by a person directly in favour or the Uttar Pradesh Sahakari Gram Vikas Bank, all references to Gram Vikas Bank in sections 14, 20, 22, 23, 26 and 27 shall be deemed to be references to the Uttar Pradesh Sahakari Gram Vikas Bank.]
3 Power of the Board to make regulations
29. The Board may, subject to the approval of the Trustee, make regulations not inconsistent with the provision of this Act, the rules and the bye-laws of [Uttar Pradesh Sahakari Gram Vikas Bank] 2 , providing for all or any of the following matters:-
(a) fixing the period of debentures and the rate of interest payable thereon;
(b) calling in debentures after giving notices to debenture- holders;
(c) issue of new debentures in place of debentures damaged or destroyed;
(d) converting one class of debentures into another bearing a different rate of interest;
(e) inspection of the account books and proceedings of [Krishi Evam Grmya Vikas Bank] 2 ;
(f) submission of return and reports by [Krishi Evam Grmya Vikas Bank] 2 in respect of their transactions ;
(g) periodical settlement of accounts between [Krishi Evam Grmya Vikas Bank] 2 banks and the [Uttar Pradesh Sahakari Gram Vikas Bank] 2 , and for the payment of the amounts recovered by the [Krishi Evam Grmya Vikas Bank] 2 on mortgages transferred or deemed under section 12 to have been transferred to the [Rajya Krishi Evam Grmya Vikas Bank] 2 ;
(h) specifying the form in which application to [Krishi Evam Grmya Vikas Bank] 2 or to the [Uttar Pradesh Sahakari Gram Vikas Bank] 2 for loans should be made and the procedure to be followed in the advancement of such loan;
(i) Valuation of the proportion offered as security for loans
(j) investment of moneys realized from mortgagors; and
(k) generally for any other matter in respect of which the Board considers the provisions should be made for the purposes of this Act :
Provided that the regulations framed under clause (i) shall be subject to the approval of the State Government.
Power of state Government to make rules