Bare ActsThe UTTAR PRADESH AGRICULTURAL CREDIT ACT, 1973

Section 1

Substituted by section 9(a) of U

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

Substituted by section 9(a) of U.P. Act No. 19 of 1975. 50 [The Uttar Pradesh Agricultural Credit Act, 1973] Section 9A-10A] (4) After the deficiency in stamp has been made good [or as the case may be the defect has been removed]1 the Bank shall send the copy of the document again to the sub- Registrar in the manner laid down in sub-section (1) and thereupon the sub-Registrar shall file the copy in Book No. 1 in accordance with the provisions of sub-section (2). (5) Notwithstanding anything contained in the Registration Act, 1908, it shall not be necessary for the agriculturist or any office of the bank to appear in person or by agent in any registration office in any proceeding connected with the registration of the document or to sign as provided in section 58, of the said Act. [Nothing of mortgage in the record-of- rights 9- A Where a copy of the document creating charge variation or mortgage has been sent for registration under section 9, the bank may give intimation to the Tahsildar or such other official as may be designated in this behalf by the State Government, of the particulars of such charge, variation or mortgage. The Tahsildar or the other official shall make a not of the particulars of the charge, variation or mortgage in the record of rights relating to the land in respect of with such charge or mortgage has been created or variation has been made. Registration of discharge certificates 9- B Where any declaration or variation in respect of a charge, or mortgage of any land or interes therein or other immovable property has been registered in accordance with section 9 and the amount of financial assistance secured hereby has been paid to the bank or the debt has been otherwise discharge, the bank shall issue a certificate to that effect and the provisions of the said section shall issue a certificate to that effect and the provisions of the said section shall mutatis mutandis apply to the registration of such certificate. ]2 Restrictions on creation of tenancy by an agriculturist borrower 10 . (1) Notwithstanding anything contained in any law relating to land tenures or any other law for the time being in force, an agriculturist who has availed himself of financial assistance from a bank by creating a charge or mortgage on land or interest therein shall not so long as the financial assistance continues to be outstanding , lease or create any tenancy rights on such land or interest therein without prior permission in writing of the bank nor shall any such rights accrue to any person during that period by reason of unauthorized occupation or adverse possession over such land or interest. (2) Any lease granted or tenancy rights created in contravention of this section shall be void. CHAPTER 4 Recovery of dues by banks [Removal of bar to attach- ment and sale by process of court 10-A Nothing in any law shall prevent in any manner a bank from causing any land or any interest therein charged or mortgaged to it by an agriculturist to secure any financial assistance, to be attached and sold through a civil court and applying the proceeds of such sale towards all moneys due to it from that agriculturist including the costs and expenses as may be awarded by the court.

Section 1 – The UTTAR PRADESH AGRICULTURAL CREDIT ACT, 1973 | DailyLaw.ai