Amendment status not verified — confirm the current text below against the official source.
In {his Act, unles,; the context otherwise ;.equi~es- (a) ' ag-I icirltureist ' n ,,ersc\~i wlxo I an interest other than intetest as a simple mortgagee in any agricultural or 1~or:icultural land not being a land appur- tenant to a resid2ntial building but shall not include.- (i) any getson liable io pay land revenue (which shall be deemed to include peshkarh and quit-rent) excoed- ing one hundrec: and 5fty rupees pzr l.lmufn in any year after 1952 53 : 1 Tl~esz rx7zrils n c r c ~ t ~ l ? ~ t i t titeci for the wort1 ",LfadrasW by the Tamil N'idu Ad..txut~on ai Laws Order. 1969, as amendecf by the Tamil Nadu Ad;:Ptation of Laws (S;cr i d Amendment) Order, 1969. 2 For Stayernen7 of Objects m d R:~.dii~, see Ft?r# St. George Gazette Extraunlil a:y d i: cd the 9 ~ h February 1955, Parr ~V-A, pages 64-65. 3 This expressio 3 ~ 3 ~ ; s~sbs!iluted ror L11e expr2ssion "State of Madrasc6 by tho Tamil Nadu 4dapt::tioil of Laws Order, 1965, 2s amended by the '1 N;!du Ad'lpist ion of Laws (Secand Amendmsnt) Order, 19*&!). 4 This $lib-sect io~i was substituted fall the origins sub- S C ~ . i0'1 (3) by ~ e c l ion 3 &, and the Second Schedltlp to, the Tz-mi] Nadu Repe:.line slid Amending Acf, 1955 (l'arni j Nndu ~ c t xyxv1 0: ' 0.) 5). 1955: T8N. Act I] Indebted Agn' cult mists 347 . (Repayment of Debts) (ii) any person assessed to profession tax on income derived from a profession other than agriculture under any law governing municipal or local bodies in India on a half- yearly income of more than nine hundred rupees in any half-year after. 1952-53. &, (iii) my person assessed in any half-year after 1952- 53 to property or house tax on an. annual rental value of '[not less than] rupees six hundred in raspect of buildings (other than a building in which he lives) or lands other than agr(icultura1 lands under any law governing municipal or ' local bodies in India ; (iv) auy persoh a o a ~ , ~ d to sales tax on a total turnover of .not less than twenty thousand rupees in any year aher 1952-53 under' the Maclras General Sales Tax Act, 1939 (Madrac; Act IX of 1939), or 2[under the law of any other part of India relating to sales tax ] ; (v) any person assessed to income-tax uilder the' Indian Income-tax Act, 1922 (Central Act XI of 1922), in any year after 1950-51 ; A. % (vi) a firm registered under the Indian Partnership - Act, 1932 (Central Act IX of 1932), or a company as defined .in *the Indian Companies Act, 1913 (Central Act VII of 19 131, or a' corporation formed ili pursuance of an Act of Parliament: of the United Kingdom or of any special Indian" i law ;, 1 1 ':r :. i , 2 % <:: i . ; , 3 . Explanation I.--Where a joint Hindu family or. tqwad, . . c ,,,+ a ../ favazhi, 'kutumba or kavaru,,is an agriculturist, every coi . .. + parcbn-er or member of the tarwad, tavazhi, kutumba or - * a , kavaru, as the case may be,'shall bt; deemed to be an a&- ,. . culturist provided that he dces, not fall under any of the . I . categories specified in sub-clauses (i) to (v). , I , .. . , + ' . $ 2 ~blanation IL-The provisions of this Act shall not , , .. . ,&G apply to any person who though an agrl~ultu~ist was not kn *a : - .I* - ~, %% agriculturist on the 1st October 1953 ; . . . ,. 5 - h e s e wards were inserted byasec!ian 3 OF, and the second schedule to, the Tn.mil N ~ d u Repenlii~g and Amending Act, 1955 (Tannil Nadu Act X%:XVI af 1955). These mrds were subslit uted for the wards "under the law of any other Statate relating to Sales 'Tax " by 5ection 4 of, and the Third Schedule to, the Tam'l Nadw Repealing and Amending'Act, $957 (Tamil Nadu Act $XV of 1957). * See now the ~onipaniss A ~ t i 1956 (Central Act 1 of 1956). I 348 I/tdebted Agn'dturists [135S: TON. Act I (Repqment of Debts) (b) ' debt ' means .any liability in cash or kind. whether secured or unsecured, due from an agriculturist on the 1 st October 1953 whether payable under a corktract or decree or ordor of a Court, civil or revenue, or otherwise, but shall not include- 9 (i) 'any sum paynble to the Stntc or the Centla! Government or to any local autl-ro~ity ; (ii) any sum p:?yable to any co-operative society including land. ~nortgngc bank, ~*egisfcrt=d 01- dcc~ncd to bc registo~od LI ndcr t hc ': Ma tl r-as C'o-opt l-ativ!: Socictics Act, 1932 (Madras Act VI of 1932) wovidecl that the right of the society to recover the s:lm did not R T ~ S ~ ~ J . reason of an assignment made subsequai~t tb ;a; 3ct?Let 1953 ; (iji) any liability arising out of breach of trust ; (iv) any li,$bility in respect of rfiailzte118nco ; (v) any liability in iespect of wngts or rernunero - t i ~ n , due as salary or otherwise Ihr se~~viccs r~ildsred ; or (vi) any liabij.icy incurred or arising under any Chit Fund Schen~c. Exp~u~ation 1.-Where a debt has been renewed or included in a fresh document executed after the 1 st October 1953 whether by the san~e debtor or by his heirs, legal representatives or axsiens or by any other person acting on his behalf or in h i 5 4:ltcrest or as cr result of :. partition, in favour of tho Sam6 creditor or l ~ i s heirs, kgal repmen- tatives or assigns or any other person acting on his behalf or in his interest or as a io~ult of s partition, the amount outstanding on the 1.1 October 1953 anc! Included in the document executed actel the 1st Octnbc,r 1953 shall alone be treated as the debt f ~ r the purposes of this Act. E:;-!anatiorr 11.--Wilere a debt has been split up aftel the 1st 0ctob:r 1953 anlong the hcirc, legal representa- tives or assigns of a debtor or a cleditor or as a result of a partition and fre.ih d~xumellts i m ~ e been exccuted in respect of different po~t:()i~\ oTthe debt, cacli of ihc differenf portions shall he n {ie" ii;.,r tlie purposes of this Act. -qee now the 'l'smil NL'do C',~-op~,r.~t iic Sucic!ic.; t , l Oh 1 (Tam11 Nadu tic1 5.3 01 I xi: .) I 1955: T.N. Act I] ~ndebt ed ~ ~ r i c u 2 turists - '(Repayment$ of Debts) . , .. , I P . . -