Amendment status not verified — confirm the current text below against the official source.
Notwitl~s[anding :lnything co~~tained in the Madras to make resu- Mntlrr!i Co-operxtrve Socrclics Act, 1939*. o r the rules a,, Iitions. nindc therc~u~tl~*r, thc Board \hall h:l\'e a general of 1932 po\vi.r of ~upcr\~lston ovcr the '[primary 1;111d develop- nle11t banks] and may mil kc regular ions not incon- si\tent wit11 (Ilia Act or tl~c ~ L I I L . ~ madc thcreunder- (a) for Olc inspection o f the accoilnt books and psoccedir~g\ of prim:^^-y I:l~ld devclopmcut banks] ; ___I___ _ -- ----- - --- -- _^ I-UI-.. Th.t cu:>rc,\iun wa\ suhstit~~ted f*)r the expression " nlortgagc banks" by scctr~~tl 4 o f thc'r,~m~l N d u Ct~-tlper;\fr\.c Land Mortgnyc U d ~ i k s (Arnendtllcllt) Act, 1969 (Tarnil Nadir Act 14 of 1969). 'This exprc,.;i,jn was S L I ~ ~ ~ ~ ~ I I I C ~ f4)r the expression "Central Mljrtgage Rat~k'' by ihld. This expie,.;it,n was substituted for the exprcssion "morfyagl bank" by ihid. This section was inserted by scclion 6, ibid. * Now see tile Tamil Nadu Co-operative Societies Act, 1961 (Tamil Nadu Act 53 of 1961). . I b ' " ..----L.-~ ', 1934 i T.N. Act $1 Co-operatlye tand 441 1" Development Banks I I (b) for the submission of returns and reports / by '[primary land development banks] in respect of their transactions ; (c) for the psriodical settlement of accounts between '[primary land development ,banks] and the I i '[State Land Dzvelopment Bank] and for the payment I of the amounts recovered by '[primary land dettelop- ment banks] on mortgages transferred '[or deemed under the provisions of sectioll 23-A to have been i transferred] to the '[State Land Development Bank]; (d) prescribing the form in which applications to '[primary land developmellt banks] for loans should I I be made and for the valuation of the properties offered as security for such loans ; I I (e) for the investment of moneys realized from the ~nortgagors ; and Cf) generally for the purpose of safeguarding the interests of the parties concerned and for carrying out tlte purposes of this Act. 4138-A. (1) All rules made under this Act shall be Publication guies, corn- of published in the Fort St. George Gazette and, unless mencement of they are expressed to come into force on a particular rules and plat- day, shAl come into force on the day on which they ~ ' $ arc so published. (2) Every rule made under this Act shall, as soon ns possible aftcr it is made, be placed on the table of both Houses of the Legislature, and if, before the expiry of the session in which it is so placed or the This expression was substituted f Or the expression "mort- gage banks" by section 4 of the Tamil Nadu Co-opcrative Land Mortgage Banks (Amendment) Act, 1969 (Tamil Nadu Act 14 of 1969). alThis expres~ion was substituted for the expression "Central Mortgage Dank by ibid. 8 These words, figures and letter were inserted by section 8 of the Madras Co-operative Land Mortgage Banks (Amendment) Act, 1960 (Madras Act IX of 1960). 4 Sections 38-A, 38-R and 3 8 4 were added by section 7 of the I Tamit Nadu Co-operative Land Mortgage Banks (Amendment) Act, 1969 (Tamil Nadu Act 14 of 1969). 125-14-29~ I . h", . I, 452 ~wperative Lana [I934 : T. N. Act X Development Barika next session, both Houses agree in making any modi- fication in any such rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modi4ed form or be of no effect, as the case may be, so however, that any suchmodi- fi:a:ion or alinulment shsll be without prejudice to th2 ~didity of anything previously done under that rule.] Construction ' 3S-3. Referelices to a " Central Mortgage Bank " ~ , ' f , ~ ~ ~ : ~ and . ' t n o i t p ~ ~ bank" in any law or instrument for Mortg~g- the ~ ' , n e be~ilg i i ~ f0i.c~ i : ~ tius State, shall with effcct B I I I ~ " and on an-1 from the date of the conlmencelnent of the amortgzge Am:ngment Act, be construed as references to the bank". " S~zre Land Development Bank " and " primary land development bank " respectively. Aot to I 38-C.The :~rovisions of this Act shall have effect override other nc~:\l:;rhstn nq anythins inconsistent therewith con- laws. taincd in t 'c "Tainil Nadul Co-operative Societies Act, 1961 (z[Tamil Nadu] Act 53 of 196!) 3[or in any rule 2s by-law (~ncluding ;he by-law of any r : stered co-opzrativc society) or in any other law] f ' he time being in force, Szctions #-A, 38-B ant1 38-C were added by section 7 of the Tamil Nadu Co-operative Lnnd Mortgage Banks (Amendment) Act, 1969 (Tam11 Nadu Act 14 of 1969). "These wo rdu were substituted for the word " Madras " by the Tam1 Nadu Ad~ptaiion of Laws Order, 1969, as amended by the Tamil Nadu Adaptation of Laws (Second Amendment) Order ,1969. ' These words ta;nd brackets were substituted for the words "or in an other IUW by section 4 of the Tamil N ~ d u Co-operative d Lan Development Banks (Amendment) Act, 1970 (Tamil Nadu Act 4 of 1970). 1979 : T. N. Act 3 51 Co-operatire had Devetopmenf 995 Banks (Amenbnt) I TAMIL NADU ACT NO. 35 OF 1979.* I THE TAMIL NADU CO-OPERATIVE LAND DEVELOPMENT BANKS (AMENDMENT) ACT, 1979. [Received the assent of the Governor on the 30th May 1979, first published in the Tamil Nadu Government Gazette Extraordinary on the 2nd June 1979 (Vaikasi 19, Chitharthi (20 10-Tiruvalluwr Andu)). ] An Act further to amend the Tamil Nadu Co-opera- tive Land Development Banks Act, 1934. BB it enacted by the Legislature of the State of Tamil Nadu in the Thirtieth Yea1 of the Republic of India as follows :-