Uttar Pradesh · Act 16 of 1964

The U P Sahkari Gram Vikas Bank Act 1964

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आधिकारिक दस्तावेज़ / Official document

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16_of_1964_hindi.pdf

इस संस्करण को आधिकारिक दस्तावेज़ में पढ़ें। Read this version in its official source document.

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About this act

Jurisdiction
Uttar Pradesh
Enactment date
1964-07-20
Sections available
38

Read the sections

1Short title, extent and commencement→2Definitions→3Number of Gram Vikas Banks→4Appointment of Trustee and his powers and functions→5Trustee to be a Corporation Sole→6Issue of debentures by the Board→7Vesting of property in Trustee and Debenture -holders charge on the assets→8Guarantee by State Government of Principal and interest of the money to be borrowed by means of debentures or otherwise→9Guarantee Fund→9-APower to borrow money→10Priority of mortgage over certain claims→11Right of Gram Vikas Banks or of the Uttar Pradesh Gram Vikas Bank to purchase mortgaged property→12Mortgages executed in favour of Gram Vikas Bank to stand vested in Uttar Pradesh Gram Vikas Bank→13Power of Uttar Pradesh Gram Vikas Bank to receive moneys and grant discharges→14Right of Gram Vikas Banks to pay prior debts of mortgagor→15Distraint when to be made→16Power of sale when to be exercised→17Power of Gram Vikas Bank where mortgaged property destroyed or security becomes insufficient→18Power of Board or of Trustee to distrain and sell property, etc→19Title of purchaser not to be questioned on the ground of irregularity, etc→20Mortgage not to be questioned on insolvency of mortgagor→21Appointment of receiver and his powers→21-AVesting of rights of alienation on agriculturists not having such rights→21-BCreation of charge in favour of Gram Vikas Bank or Uttar Pradesh Sahkari Gram Vikas Bank→21-CProvisions of this Act to apply to hypothecation→22Restriction on mortgagor's power to lease or to create other rights in the mortgaged and charged property→23Registration of documents executed in favour of Gram Vikas Bank or The Uttar Pradesh Gram Vikas Bank→23-ARevenue register for noting charge or mortgage→24Delegation of certain powers by Board→25Sections 102, 103 and 104 of the Transfer of Property Act, 1882 to apply to notices under this Act→26Mortgages executed by manager of Joint Hindu Families→27Modification subject to which section 8 of the Hindu Minority and Guardianship Act, 1956 shall apply to the mortgages under this Act→28References to banks in other Acts how construed→28-AReferences to banks in other Acts now construed after the commencement of the Uttar Pradesh Sahkari Krishi Evam Gramya Vikas Banks (Amendment) Act, 1994→29Power of the Board to make regulations→30Power of State Government to make rules→31Trustee and others to be public servant→32Public servant not to bid at sale→
Source and version

India Code, Government of India. Text fetched 16 Oct 2026. Source metadata reports last modification: 2024-03-15. Check the linked official text and subsequent notifications when applying a provision.

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