Maharashtra  Provision of Facilities for Agricultural Credit by Banks Act, 1974.

The Maharashtra Provision of Facilities for Agricultural Credit by Banks Act, 1974.

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	19755
Act Number:	5
Enactment Date:	1975-03-10
Act Year:	1975
Short Title:	The Maharashtra Provision of Facilities for Agricultural Credit by Banks Act, 1974.
Ministry:	Ministry of Govt of Maharashtra
Department:	Co-operation, Marketing and Textiles Department
Type:	STATE
Location:	Maharashtra


Schedule 1. SCHEDULE Order Appendix Forms

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Show all section The Maharashtra Provision of Facilities for Agricultural Credit by Banks Act, 1974.

CHAPTER I

Preliminary

CHAPTER II

Rights of agriculturists to alienate land or interest therein in favour of banks

CHAPTER III

Charges and mortgages in favour of banks and priorities thereof

CHAPTER IV

Arrangements for recovery of dues by banks

CHAPTER V

Financing of co-operative societies by banks

CHAPTER VI

Miscellaneous


Section 1. Short title, extent and commencement.
Section 2. Definitions.
Section 3. Removal of restrictions on alienation.
Section 4. Charge on crop and other movable property in favour of a bank.
Section 5. Creation of charge on land in favour of bank by declaration.
Section 6. Removal of disability in creation of charges and mortgages.
Section 7. Priority of charges and mortgages in favour of a bank, Government and co-operative society.
Section 8. Registration of charge or mortgage in favour of a bank.
Section 9. Registration of charge or mortgage in favour of a bank.
Section 10. Restrictions on creation of tenancy by agriculturist borrower.
Section 11. Recovery of dues of bank through prescribed authority.
Section 12. Rights of bank to acquire and dispose of immovable property.
Section 13. Exemption to bank from restrictions on acquisition of land in excess of ceiling.
Section 14. Bank eligible to become member of co-operative society.
Section 15. Inspection of books of a co-operative society by a bank.
Section 16. Disputes between a bank and a co-operative society.
Section 17. Settlement of disputes.
Section 18. Recovery of money awarded.
Section 19. Powers of a bank to proceed against defaulting members of a co-operative society.
Section 20. Audit, inquiry and inspection reports of societies to available to banks.
Section 21. Exemption from legislations relating to money-lending and relief of agricultural indebtedness.
Section 22. Mortgage executed by managers of joint Hindu family.
Section 23. Modified application of section 8 of Act XXXII of 1956.
Section 24. Mortgages not to be questioned on insolvency of mortgagors.
Section 25. Power of State Government to make rules.


Schedule 1. SCHEDULE Order Appendix Forms

Schedule 1. SCHEDULE