Amendment status not verified — confirm the current text below against the official source.
Power to make rules 2 STATEMENT OF OBJECTS AND REASONS The small farmers, landless agricultural labourers and weaker sections of the people are facing crucial financial crisis due to floods and natural calamities in the State of Karnataka. Hence, the state Government considered it necessary to provide relief from indebtedness to small farmers, landless agricultural labourers and weaker sections of the people. Hence, the Bill. [L.A. Bill No.07 of 2018, File No. Samvyashae 21 Shasana 2018] [entry 6,7 and13 of List III of the Seventh Schedule to the Constitution of India.] [The Karnataka Debt Relief Bill, 2018 was repugnant to the provisions of the Indian Contract Act, 1872 (Central Act 09 of 1872) and the Code of Civil Procedure, 1908 (Central Act 05 of 1908) which are Central Laws in force. Therefore the Hon’ble Governor reserved the said Bill for the consideration of His Excellency, the President of India under Article 200 of the Constitution of India as required by clause (2) of Article 254] 3 KARNATAKA ACT NO. 17 OF 2019 (First Published in the Karnataka Gazette Extra-ordinary on the 23rd day of July, 2019) THE KARNATAKA DEBT RELIEF ACT, 2018 (Received the assent of President on the 16th day of July, 2019) An Act to provide relief from indebtedness to small farmers, landless agricultural labourers and weaker sections of the people in the State of Karnataka. Whereas it is expedient to provide relief from indebtedness to small farmers, landless agricultural labourers and weaker sections of the people in the State of Karnataka and for the matters connected therewith or incidental thereto; Be it enacted by the Karnataka State Legislature in the sixty -ninth year of the Republic of India as follows:-