U P Sahkari Gram Vikas Bank Act 1964

The U P Sahkari Gram Vikas Bank Act 1964

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	196416
Act Number:	16
Enactment Date:	1964-07-20
Act Year:	1964
Short Title:	The U P Sahkari Gram Vikas Bank Act 1964
Department:	Department of Cooperative
Type:	STATE
Location:	Uttar Pradesh

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Section 1. Short title, extent and commencement
Section 2. Definitions
Section 3. Number of Gram Vikas Banks
Section 4. Appointment of Trustee and his powers and functions
Section 5. Trustee to be a Corporation Sole
Section 6. Issue of debentures by the Board
Section 7. Vesting of property in Trustee and Debenture -holders charge on the assets
Section 8. Guarantee by State Government of principal and interest of debentures
Section 9. Guarantee Fund
Section 9-A. Power to borrow money
Section 10. Priority of mortgage over certain claims
Section 11. Right of Gram Vikas Banks or of the Uttar Pradesh Gram Vikas Bank to purchase mortgaged property
Section 12. Mortgages executed in favour of Gram Vikas Bank to stand vested in Uttar Pradesh Gram Vikas Bank
Section 13. Power of Uttar Pradesh Gram Vikas Bank to receive moneys and grant discharges
Section 14. Right of Gram Vikas Banks to pay prior debts of mortgagor
Section 15. Distraint when to be made
Section 16. Power of sale when to be exercised
Section 17. Power of Gram Vikas Bank where mortgaged property destroyed or security becomes insufficient
Section 18. Power of Board or of Trustee to distrain and sell property, etc
Section 19. Title of purchaser not to be questioned on the ground of irregularity, etc
Section 20. Mortgage not to be questioned on insolvency of mortgagor
Section 21. Appointment of receiver and his powers
Section 21-A. Vesting of rights of alienation on agriculturists not having such rights
Section 21-B. Creation of charge in favour of Gram Vikas Bank or Uttar Pradesh Sahkari Gram Vikas Bank
Section 21-C. Provisions of this Act to apply to hypothecation
Section 22. Restriction on mortgagor's power to lease or to create other rights in the mortgaged and charged property
Section 23. Registration of documents executed in favour of Gram Vikas Bank or The Uttar Pradesh Gram Vikas Bank
Section 23-A. Revenue register for noting charge or mortgage
Section 24. Delegation of certain powers by Board
Section 25. Sections 102, 103 and 104 of the Transfer of Property Act, 1882 to apply to notices under this Act
Section 26. Mortgages executed by manager of Joint Hindu Families
Section 27. Modification subject to which section 8 of the Hindu Minority and Guardianship Act, 1956 shall apply to the mortgages under this Act
Section 28. References to banks in other Acts how construed
Section 28-A. References to banks in other Acts now construed after the commencement of the Uttar Pradesh Sahkari Krishi Evam Gramya Vikas Banks (Amendment) Act, 1994
Section 29. Power of the Board to make regulations
Section 30. Power of State Government to make rules Show Related Subordinates
Section 31. Trustee and others to be public servant
Section 32. Public servant not to bid at sale