Amendment status not verified — confirm the current text below against the official source.
In this Act, unless the context otherwise requires,- Osiinitions, (a) “agriculture” shall include horticulture and the use of the land for any purpose of husbandry inclusive of the keeping or breeding of livestock, poultry, piggery, fishery or bees and the cultivation of agro forestry and the like; (b) “agriculturist" means a person who owns or cultivates land and Whose means of livelihood is income from cultivation of such land Or partly by income from cultivation of such land and partly by income he gets as wages in cash or kind or partly in cash or partly in kind from other occupation he performs; (c) "agricultural labourer" means a person who follows any one or (da) (e) (g) (h) 2016 VT. GAZ. (EXTRA), MAY 4, T_ SK 14, 1938 SAKA) | (VY stions in the capacity ofa labourer op 1g ae ‘n cash or in kind or partly in cash more of the followtl a hire or exchange, whe and partly in kind:- itivation and tillage of soil, ete: (i) farming including cu é ‘armi ‘isheries; i ry farming and f | ii) dairy fart | . 1 harvesting ot ‘in roduction, cultivation, growing an & of any (iti) pr 5 ro" horticultural commodity; ;an raising of livestock, fees or poultry; | any practice performed on a farm as incidental to or in . lon,wi ing any forestry 0 conjunction with farm operations (includ : y - ty - ber | i ‘market and delive timbering operations) and preparation for market a ry to storage or to market or to carriage for transportation of (iv) (v) farm products; "Bank" means,- () aScheduled Bank as defined in clause (e) of section 2 of the Reserve Bank of India Act, 1934 (Central Act No. 2 of 1934); and | (ti) any other financial institution notified by the State Government in the Official Gazette as bank for the purposes of this Act; "Civil Court" includes,- () acourt exercising Jurisdiction under the Provincial Insolvency Act, 1920 (Central Act 5 of 1920); and (i) acourt exercisin £ powers under Courts Act, 188 7 (Centra| Act 9 "CO-Operative Society" registered under the Py the Provincial Small Cause of 1887). Means a socie Injab Co. "creditor" Means 4 per i debt: Person or ins ly registered or deemed to be Operative Societies Act, 1961; titution to Whom a debtor owes the a i . debtor in Cash or in kind secured or Othe a ec . . wise, whethe due or Not Ak h Order of a civil court or Shall not ing] ude, - Centr, ? al tab . rporatio Sovernmeng or State Government; €slablishe b Or For the ‘ 4M or any other organization Government Of Ing Vernmen ganiza dia “Nder the vole the State of Punjab or om (i) PUNJAB GOVT. GAZ. (EXTRA), MAY 4, 2016 47 (VYSK 14, 1938 SAKA) (iti) any debt incurred for the purposes of trade; (iv) any rent due in respect of any property let out toa debtor; (v) any debt due to a bank or cooperative society; (vi) any liability arising out of breach of trust or any tortuous liability; (vit) any liability in respect of wages or remuneration due as salary or otherwise for services rendered: (viii) a debt barred by law of limitation; (ix) land revenue or any other sum recoverable as arrears of land revenue; and (x) any liability in respect of maintenance whether under a decree of civil court or otherwise; "debtor" means a person who owes a debt and - (i) who earns his livelihood mainly by agriculture, and is either a land-owner, or tenant of agricultural land, or a servant of a land-owner or of a tenant of agricultural land; or (ii) who earns his livelihood as an agricultural labourer paid in cash or kind for work connected with agriculture; Explanation.-(a) The term debtor includes an agriculturist i) (k) ()) notwithstanding the fact that he has joined service in the Armed Forces of the Union; provided that his family is engaged in agriculture; and (b) adebtor shall not lose his status as such because of the reason that- (i) heearns income by using his plough cattle or tractor for purposes of transport; or (ii) he does not cultivate with his own hands; "Forum" means the District Agricultural Debt Settlement Forum established under section 5 of this Act; "Government" means Government of Punjab unless the context otherwise requires; "notified" means notified by notification published by the Government in the Official Gazette; (m) “prescribed" means prescribed by rules made under this Act; Deemed discharge. Calculation of interest, [:stablishment of District Agriculture Debt Settlement Forum.