U P Sahkari Gram Vikas Bank Act 1964

Bare Act · 1964

Act number: 16 of 1964
Enacted: 20 July 1964
Contents: 38 sections

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

Contents