Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in the • f charg e India n Registration Act, 1908, a charge in respect o f a« d mort- w h ic h a declaration has been made under sub-section favo ur 1 of 0 ) section 6 or in respect of which a variation Banks. has been made under sub-section (2) of that section or a mortgage executed by an agriculturist in favour of a b ank in respect of financial assistance given by that bank, shall be deemed to have been duly regis tered in accordance with the provisions of that Act with effect from the date of such charge, variation •r mortgage as the case may be, provided that the bank sends to the Sub-Registrar within the local limits of whose jurisdic tion the whole or any pa rt of the pro perty charged or mortgaged is situated within the time stipulated by the State Government for this purpose by registered post acknowledge ment due, a copy of the document creating such charge, variation or mortgage duly certified to be a true copy by an employee of the bank au tho rised to sign on its beh al f; (2) The Sub-Registrar receiving the declaration in respect of a charge or variation or a mortgage referred to in sub-section (1) shall, as immediately as practicable on receipt thereof, record, in a register to be maintained in this behalf the fact of the receipt of such declaration, variation or mortgage for registration. Notiaf of 10- Whenever a charge or a m ortgage on loan charge or or interest thereia is created in favour of a bank mo rtgage ^y an agriculturist the bank may give intimation favour of™ a t o Sub-Deputy Collector or such oth er revenue bank in the off ic ia l as may be designated in this behalf by Rec ord of the State Government, of the particulars of the Rights. charge or mortgage in its favour. The Sub-Deputy 306 THE ASSAM GA ZETTE, EX TR AO RD INAR Y, MAY 2, 1977 Restrictio ns on cre ation of tenancy by an agri • culturist bo rrow er. Remo val ba r to Collector or the other revenue official shall make a note of the particulars of charge or mortgage in the Record of Rights relating to the land over which the charge or mortgage is created.