Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in the Registration Act, 1908, a charge in respect of which a declaration has been made under sub- section (1) of section 6, or in respect of which a variation has been made under sub-section (2) of that section, or a mortgage executed by an agricul- turist in favour of a bank in respect of financial assiatance given by the bank, shall be deemed to have been duly registered in accordance with the provi- sions of that Act with effect from the date of such charge, variation or mort- gage as the case may be, provided that the bank sends to the Sub-Registrar within the local limit of whose jurisdiction the whole or any part of the prop- erty charged or mortgaged is situate, within the time stipulated by the State Government for this purpose, by reg- istered post acknowledgement due, of the document creating such charge, variation or mortgage duly certified to be a true copy by an employee of the bank authorised to sign on its behalf. (2) The Sub-Registrar receiving the declaration in respect of a charge or variation or a mortgage referred to in sub-section (1) shall, as immedi- ately as practicable on receipt thereof, record, in a register to be maintained in this behalf, the fact of the receipt of such declaration, variation or mort- gage for registration.