Amendment status not verified — confirm the current text below against the official source.
In this Act, unless the context otherwise requires,- (a) ["Agricultural and Rural Development Bank"] means the Kerala Co-operative Central Land Mortgage Bank Limited, registered under section 10 of the Travancore-Cochin Co-operative Societies Act, 1951 (X of 1952), which shall hereafter be known as the ["Kerala State Co-operative Agricultural and Rural Development Bank] Limited". (b) "Board" means the board of directors of the Kerala Co-operative [Agricultural and Rural Development Bank] Limited; (c) "committee" in relation to a primary bank, means the Board of Directors or board of management of the committee of management or the governing body to which the management of its affairs is entrusted; (d) "Co-operative Society" means a Co-operative society registered or deemed to be registered under the Kerala Co-operative Societies Act, 1969 (21 of 1969); (e) "Gehan" means special charge on movable or immovable property. In favour of the [Agricultural and Rural Development Bank] or a primary bank by a mere declaration in writing by the borrowers for securing the payment of money advanced or to be advanced by way of loan, which will have all the characteristics of a valid mortgage; (f) "prescribed" means prescribed by rules made under this Act; (g) "Primary agricultural credit society" means a co-operative society, [xxx] the principal object of which is the raising of funds for lending to its members primarily for agriculture and allied purposes; [or for rural development activities;] (h) "primary bank" means a co-operative society registered under the Kerala Co-operative Societies Act, 1969 (21 of 1969), as a Primary Co-operative Agricultural Development Bank Limited and admitted as a member of the Agricultural Development Bank and includes a co-operative society registered or deemed to be registered under the said Act as a Primary Co-operative Land Mortgage Bank Limited and admitted as a member of the Kerala Co-operative Central Land Mortgage Bank Limited which shall hereafter be [known as a Primary Co-operative Agricultural and Rural Development Bank] Limited; (i) "Registrar" means the Registrar of Co-operative Societies appointed under sub-section (1) of section 3 of the Kerala Co-operative Societies Act, 1969 (21 0f 1969); [(iA) "Rural Development" means any activity intended to promote the development in rural area and includes the following development activities.- (1) Development of handicrafts and other crafts. (2) Small industries (3) Cottage and village industries (4) Industries in tiny and decentralised section. (5) Rural housing needs of the rural population.] (j) "State" means the State of Kerala; (k) "Trustee" means the Trustee referred to in section 5. Substituted by Act 19 of 1990 for the word "Agricultural Development Banks". Substituted by Act 19 of 1990 for the word "Agricultural Development Banks". Substituted by Act 19 of 1990 for the word "Agricultural Development Banks". Substituted by Act 19 of 1990 for "Agricultural Development Bank". Omitted by Act 19 of 1990 the words "majority of the members of which are agriculturists and". Added by Act 19 of 1990. Substituted by Act 19 of 1990 for "known as a Primary Co-operative Agricultural Development Bank Limited". Inserted by Act 19 of 1990.