Amendment status not verified — confirm the current text below against the official source.
In this · Actrunless there js ~nything rq:>Ug-· nant' in the st~bject or context,_:_ _ ,. (a) ''agricultural activity · and purpo!!e" in• ... eludes . making land fit for. cultivation, -cultivation of land, improtement of land .- .. ' .• . ' ' ' ._ '· • ,. -· .. -~- ~ -vta AS:SAM GAZETTE, E"X.TRAORDINARY, A_u'G. 22, 1976 509 , • -....!._ __ - --- ·- ~~ ._____:_ , -- ......:__ ...,. - - ____ • - - ,' . . . inchl.ding development of sources 'or irrigation, raising and harvesting of crops, .Planting and farming and cattle breeding, ~eed farming, apiculture, sericulture, a,lli- mal husbandry, horticulture, pisciculture, dairy 'farming, poultry farming, . forestry, piggery, bee-keeping; growing· of fruits,vegetables an.cl the -like ; rai.sing of · ,crops, grass or garden produce, keeping· or · breeding of livestock, grazing ·aJ?,d such other allied activities including marketing of agricultural products, their storQ.ge and transport and the acquisition ·of imple- , ments and machinery in connection with ' . -any such · a~ti~ty. ' (b) -"bank" means and includes - ..... 1).) a 'bank' included .in the Second Schedule to the Reserve ' Bank of 2 of 1<)34. India Act', 1934 ; ' (ii) ) ... • • the '.State Banl,c. of India' constituted under the Stat.e Bank of I~dia Act, 1955; 23 of 1955. . . ' (iii) a 'subsidiary bank' · as ·defined in · the State Bank ',of lndia (Subsidiary · 38 of 1959. ~ Banks) Act, 1959 ; (iv) a 'corresponding new Bank'. as defirted in the Banking Companies (Acquisition · and Transfer of Under .. takil).gs) Act, 1970 ; " .. ' - 5 of 1970. • .- . (v) a 'co-operative bank' as defined in ,.. · the Reserve Bank of Indi;i Act, ·2 of..1934 . • ; 1934 ~ • (c) "Certificate Officer" l:J:as the same meaning as in 'Clause (3) of . Section 3 . of the Bengal. Public Demands Recover,y Act~ Ben. ~ct ;JJ J913 ; of 1913. I • r ' ', .• .. . \ ,. !J I - ~ - ~ .. 510 THE ASSAM GAZETTE EXTRAORDINARY, A'uq. 122, 1976 ----- -- -- ----- I , -· !. (d) ••financia( institution" means- '· (i) -a company or .a body corporate as .• ' defined in the' Companies Apt, ~956 · 1 of 1956: or . (ii) a financial corporation, ·or • (iii) a society registered under the • So- Aet XXT · cieties Registration Act, 1860, of 1860 • . . , ' ~ . which is engaged in . financing acti- vities or bas been constituted, , by . . any . law for the . time being in ·force ·and which is either 9wned by, or in which the majority:~hares are ,held by the Sta~e ~overnment ; (e) "industrial activity and purpose" includes <b' . -any activity- or purpose for providing . 1 · goods .or services ; ,"'. (f) "p~rson" includes group of persons or a partnership firm or a limi~ed company, either private or public, or a co-operative society , registered under ~h.e Assa.in Co .. operative Societies A£t, · 1949 ; (g) .ipr_fscribed" me~ns _ prescribed by ru[es mace under this Act ; (h) "Scheme" means a scheme fra:r;ned' and/or approved for the purposes of this Act by the State Government for providing ·,apporru- nities 'for employment or for assisting agri- cultural or industrial activities and w:ir- poJeS; (i ~ "State. Government" means the State ' Government of. Assam. ' -.. 1 of 1950,1 Recovery of 3 . . Notwi~~startd~ng ' . anything . . contained in any arrears pf law for the time bemg in force or m any agreem~nc; Joan. as a any amounf due to a bank or a finapcial institution publ~c . de- from any person in respe<'..t of any amount advanced man .. or granted unde1" any scheme shall, apart from any' other mode of recovery, ·be re'co_verable a,s an ·arrear Ben. Act IIY of iand revenue under the Bengal Public. DeIIfand> .of 1913. · Recovery Act, 19-13 . . . , , ' ' ' ' .,,._, "'.fi'IE ASSAM GAZET~E. EXTRAORDINARY, AUQ. 22, 1~'6 511 Esplanatioa.-The • prov1111ons of this sectlon shall also apply to any amount . advanced or granted by way Of any · such loan before the date · on ·which this Act comes into force and · remaining unpaid on · I h d ' · sue ay. . . ~ct to over-