Amendment status not verified — confirm the current text below against the official source.
(1) Subject to the provisions of section 94, when an application for a loan is made to a co-operative land development bank for any of the productive purposes specified in clause (2) of the explanation to clause (k) of section 2 or such other purposes as may be prescribed or notified, a public notice shall be given of such application by such officer and in such manner as may be prescribed, calling upon all persons interested to present their objections to the loan, if any, in person, at a time and place to be fixed in the notice. 218 The West Bengal Co-operative Societies Act, 1973. XXXVIII of 19731 (Chapter XI I.—Special provisions for co-operative land development bank, central co-operative bank, primary co-operative credit society and apex housing society.—Sections 96, 97.) (2) Every objection presented under sub-section (1) shall be heard and disposed of in the prescribed manner by the prescribed officer who shall make an order in writing either upholding such objection or rejecting it: Provided that where the question raised by an objection is, in the opinion of such officer, of such a nature that it cannot be satisfactorily decided except by a Civil Court, he shall postpone the proceedings on the application until the question has been so decided. (3) A notice under sub-section (1), published in the manner prescribed, shall, for the purposes of this Act, be deemed to be a proper notice to all persons having or claiming interest in the land offered as security for the loan. (4) Subject to such rules as may be made in this behalf, a co- operative land development bank shall deal with every application made under this section, after due enquiry, for the purpose of granting a loan thereon.