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 of any land or interest therein or other immovable property executed by an agriculturist in favour of a bank in, respect of financial assistance given by that bank shall be deemed to have been duly registered in accordance with the provisions of that Act with effect from the date of execution of such charge, variation or mortgage, as the case may be, provided the bank has sent to the Sub-Registrar within the local limits of whose jurisdiction the whole or any part of the property charged or mortgaged is situate within a period of one month from the date of such execution by registered post acknowledgement due, a copy of the document creating of such charge, variation or mortgage duly certified to be a true copy by an employee of the bank authorized to sign on its, behalf and the Sub-Registrar has filed it in Book No. 1 prescribed under section 51 of the Registration Act, 1908. [(2) The Sub-Registrar shall, as soon as may be, on receipt of the copy of the document referred to in sub-section (1), and after ascertaining that said document is duly stamped, file the copy in Book No.1 prescribed under section 51 of the Registration Act, 1908. (3) Where the Sub-Registrar is of the opinion that the said document is not duly stamped or suffers from any defect arising out of an accidental slip or omission, he shall send back the copy of the document to the bank requiring it to get the deficiency in the stamp duty made good on the original or to get the defect removed within thirty days or within such extended time as he sub-Registrar may allow in that behalf. (3-A) The bank shall get the deficiency made good or the defect removed, notwithstanding anything contained in the Indian Stamp Act, 1899.]1