Bare ActsThe Telangana Agricultural Indebtedness (Relief) Act, 1977.

Section 4

Now refer to the relevant provisions of the Companies Act, 2013 (Central Act 18 of 2013)

Amendment status not verified — confirm the current text below against the official source.

Now refer to the relevant provisions of the Companies Act, 2013 (Central Act 18 of 2013). Central Act 10 of 1963 Central Act 21 of 1976 Central Act 10 of 1949 Act 7 of 1964 Central Act 1 of 1956. 4 [Act No.7 of 1977] (iii) a debt due to the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956, or to any other corporation established by or under any law for the time being in force and owned or controlled by the Central Government or any State Government; (iv) any rent due in respect of any property including an agricultural land let out to a debtor; (v) any liability arising out of breach of trust or any tortious liability; (vi) any liability in respect of wages or remuneration due as salary or otherwise for services rendered; (vii) any liability in respect of maintenance whether under a decree of a civil court or otherwise; (viii) any debt which represents the price of any goods or property whether movable or immovable purchased by a debtor or any amount due under a hire purchase agreement; (ix) any advance of money given to a debtor by a person as the price of goods or property to be sold later on by the debtor; (x) any sum recoverable as arrears of land revenue; (xi) any sum payable to any religious, charitable or educational institution including wakf of a public nature; (xii) any debt contracted by a debtor from a person who is an agricultural labourer, a rural artisan or a small farmer; Central Act 31 of 1956. [Act No.7 of 1977] 5 (j) „debtor‟ means an agricultural labourer, a rural artisan or a small farmer, who has borrowed or incurred any debt before the commencement of this Act; (k) „dry land‟ means land registered as dry, manawari, asmantari, baghat or garden land, or special rate dry land, in the land revenue accounts of the Government or assessed as such; and includes any other agricultural land excluding wet land; (l) „family‟ in relation to a person, means the individual, the wife or husband, as the case may be, of such individual and their unmarried minor children; Explanation.- For the purposes of this clause „minor‟ means a person who has not completed his or her age of eighteen years; (m) „Government‟ means the State Government; (n) „interest‟ means any amount or other thing paid or payable in excess of the principal sum borrowed or pecuniary obligation incurred, or where anything has been borrowed in kind, in excess of what has been so borrowed, by whatsoever name such amount or thing may be called, and whether the same is paid or payable entirely in cash or entirely in kind or partly in cash and partly in kind and whether the same is expressly mentioned or not in the document or contract, if any; (o) „notification‟ means a notification published in the 5Telangana Gazette; and the word „notified‟ shall be construed accordingly; (p) „person‟ means an individual or a family;

Section 4 – The Telangana Agricultural Indebtedness (Relief) Act, 1977. | DailyLaw.ai