Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.45, Law (F) Department, dated 01.06.2016. Short title, extent and commencement. Declaration. Definitions. 2 [Act No.7 of 1977] (iii) dairy farming; (iv) poultry farming; (v) breeding of livestock and bees; (vi) grazing; but does not include the cutting of wood only; (b) „agricultural labourer‟ means a person who does not hold any agricultural land and whose principal means of livelihood is by manual labour on agricultural land, in the capacity of a labourer on hire or on exchange, whether paid in cash or in kind or partly in cash and partly in kind; (c) „agricultural land‟ means land used for purposes of agriculture and which is assessed by the Government to land revenue, but not being land appurtenant to a residential building situate within a Municipality or Cantonment; (d) „annual household income‟ means the aggregate of the annual income from all sources of all the members of a family; (e) „Appellate Tribunal‟ means the Appellate Tribunal constituted under sub-section (2) of section 8; (f) „bank‟ means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 and includes the State Bank of India constituted under the State Bank of India Act, 1955, a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959, a corresponding new bank as specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970, the Agricultural Refinance and Central Act 10 of 1949 Central Act 23 of 1955 Central Act 33 of 1959 Central Act 5 of 1970 [Act No.7 of 1977] 3 Development Corporation established under the Agricultural Refinance and Development Corporation Act, 1963, a Regional Rural Bank established under the Regional Rural Banks Act, 1976, any banking institution notified by the Central Government under section 51 of the Banking Regulation Act, 1949, and any other financial institution which may be notified in this behalf by the State Government; (g) „co-operative society‟ means a co-operative society including an agricultural development bank registered or deemed to be registered under the 3Telangana Co-operative Societies Act, 1964; (h) „creditor‟ means a person from or in respect of whom the debtor has borrowed or incurred a debt and includes his heirs, legal representatives and assigns; (i) „debt‟ includes any liability owing to a creditor in cash or in kind, whether secured or unsecured payable under a decree or order of a civil court or otherwise and subsisting at the commencement of this Act, but does not include- (i) a debt due to the Central Government or any State Government or any local authority or a co-operative society or a bank, including arrears of taxes due to the Central Government or a State Government, or a local authority; (ii) a debt due to any Government company within the meaning of 4section 617 of the Companies Act, 1956;