The Meghalaya Credit Operation and Miscellaneous Provisions Act, 1976 (Act 10 of 1976)
meghalaya · 1976
- S. 1Short title, extent and commencement
- S. 2Definitions
- S. 3Removal of restrictions on alienation.
- S. 4Charge on crops and other movable property created in favour of a bank.
- S. 5Creation of charges on land in favour of a bank by declaration.
- S. 6Priority of mortgages and charges.
- S. 7Registration of charge and mortgage in favour of banks.
- S. 8Noting of charge or mortgage created in favour of a bank in the Record of Rights.
- S. 9Restrictions on creation tenancy by an agriculturist borrower.
- S. 10Recovery of dues of a bank through a prescribed Authority.
- S. 11Rights of a bank to acquire and dispose of immovable property
- S. 12Exemption to banks from restrictions on acquisition of land in excess of ceiling.
- S. 13Bank eligible to become member of a Co-operative Society.
- S. 14Power of Co-operative Societies to borrow from banks.
- S. 15Inspection of books of a Co-operative Society by a Bank
- S. 16Disputes between a bank and a Co-operative Society
- S. 17Settlement of dispute
- S. 18Procedure for hearing of disputes.
- S. 19Decision of Registrar or his nominee or Board of nominees.
- S. 20Recovery of money awarded.
- S. 21Power of a bank to proceed against defaulting members of a Co-operative Society.
- S. 22Audit, inspection and inquiry reports of Societies to be available to banks.
- S. 23Exemption from legislation relating to money lending and agriculturists’ debt relief
- S. 24Extension to other developmental purposes.
- S. 25Power of State Government to make rules.