The U P Sahkari Gram Vikas Bank Act 1964
uttar-pradesh · 1964
- S. 1Short title, extent and commencement
- S. 2Definitions
- S. 3Number of Gram Vikas Banks
- S. 4Appointment of Trustee and his powers and functions
- S. 5Trustee to be a Corporation Sole
- S. 6Issue of debentures by the Board
- S. 7Vesting of property in Trustee and Debenture -holders charge on the assets
- S. 8Guarantee by State Government of Principal and interest of the money to be borrowed by means of debentures or otherwise
- S. 9Guarantee Fund
- S. 10Priority of mortgage over certain claims
- S. 11Right of Gram Vikas Banks or of the Uttar Pradesh Gram Vikas Bank to purchase mortgaged property
- S. 12Mortgages executed in favour of Gram Vikas Bank to stand vested in Uttar Pradesh Gram Vikas Bank
- S. 13Power of Uttar Pradesh Gram Vikas Bank to receive moneys and grant discharges
- S. 14Right of Gram Vikas Banks to pay prior debts of mortgagor
- S. 15Distraint when to be made
- S. 16Power of sale when to be exercised
- S. 17Power of Gram Vikas Bank where mortgaged property destroyed or security becomes insufficient
- S. 18Power of Board or of Trustee to distrain and sell property, etc
- S. 19Title of purchaser not to be questioned on the ground of irregularity, etc
- S. 20Mortgage not to be questioned on insolvency of mortgagor
- S. 21Appointment of receiver and his powers
- S. 22Restriction on mortgagor's power to lease or to create other rights in the mortgaged and charged property
- S. 23Registration of documents executed in favour of Gram Vikas Bank or The Uttar Pradesh Gram Vikas Bank
- S. 24Delegation of certain powers by Board
- S. 25Sections 102, 103 and 104 of the Transfer of Property Act, 1882 to apply to notices under this Act
- S. 26Mortgages executed by manager of Joint Hindu Families
- S. 27Modification subject to which section 8 of the Hindu Minority and Guardianship Act, 1956 shall apply to the mortgages under this Act
- S. 28References to banks in other Acts how construed
- S. 29Power of the Board to make regulations
- S. 30Power of State Government to make rules
- S. 31Trustee and others to be public servant
- S. 32Public servant not to bid at sale