The Assam Recovery of Loans Act, 1976
###### Kegisterod No.-A-I 2

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###### ' The ·Assam Gaz.ette

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###### EXTRAORDINAR~ I

 .PIUBLISHED BY AUTHORITY .

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.,~ 85 first~, ~fit~, 22 ~t'5f~, 1976, 31 "tl'8't, 189-8 "f~-..              - ._

No. 85 Ohpur, Sun.day, August 22, 1976, 31st Sravana, ·

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###### GOVERNMENT OP ASSAM

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ORDERS BY THE :·G.OVERNOK .

LAW DEPARTMENT

NOTIFICATION

The 18th August 1976

No.LJL .. 91 /76/31.-The following Act of the 'Assam Legislative

Assembly which received the       - :;.sent- ·o.f the' President is hereby

published for general information.

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ASSAM ACT XII of 1976

     - (Re~eived the· assent of the President on the 2nd Augus't.1976) ' '

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###### THE ASSAM R~COVERi OB' LOANS .A:CT, 1976 . .

 An

Act

'1o provide for recovery,, as public demands, ·of loaris advanced by

,banks and other financial institutions to persons for provi- .

ing opportunities fo1· employment or .. for. assis.ting

agri~ultural or industrial activities and purposes

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l'reatnbl<'; Whereas it is expedient to provide for reco-

very, as public demands, of loans advanced by .•
banks and other .financial institutions to persons ·
under scheqies .framed and/or approved l;>y ~he

<101ernment of · Assam for providing oppor-

tunities for employment or for assisting agricul-

, tural or irldustrial activities and purposes ;

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 ' . . . - .. . • I It ·is hereby ena<!ted in 'the Twenty-seventh

Year of the Republic of India as follows :- . .

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Short title,- 1:- (I) TP.is Act may .be 'alled· the :Assam _

extent and Recovery of Loans Act, 1976.
commence- ·       -

ment • .

_I_ . (2) . It I .extends to' tile- whole of Assam.

(3) , It shall come into ·force at once.

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Definitions 2. In this · Actrunless there js ~nything rq:>Ug-·

nant' in the st~bject or context,_:_

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(a) ''agricultural activity · and purpo!!e" in• ...

eludes . making land fit for. cultivation,

-cultivation of land, improtement of land

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-~  - ~ -vta AS:SAM GAZETTE, E"X.TRAORDINARY, A_u'G. 22, 1976 509 ,

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inchl.ding development of sources 'or
irrigation, raising and harvesting of crops, .-

.Planting and farming and cattle breeding,

~eed farming, apiculture, sericulture, a,lli-

mal husbandry, horticulture, pisciculture,
###### dairy 'farming, poultry farming,

. forestry, piggery, bee-keeping; growing· of
fruits,vegetables an.cl the -like ; rai.sing of ·

,' ,crops, grass or garden produce, keeping· or

                - breeding of livestock, grazing ·aJ?,d such
other allied activities including marketing of
agricultural products, their storQ.ge and
transport and the acquisition ·of imple- ,
ments and machinery in connection with ' .

                     - any such · a~ti~ty. '

(b) -"bank" means and includes - ',

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1).) a 'bank' included .in the Second

Schedule to the Reserve ' Bank of 2 of 1<)34.
India Act', 1934 ; '

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(ii) the '.State Banl,c. of India' • constituted .. .

under the Stat.e Bank of I~dia

23 of 1955.
Act, 1955;

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(iii) a 'subsidiary bank' · as ·defined in . .
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                             - the State Bank ',of lndia (Subsidiary · 38 of 1959 . ~ \
Banks) Act, 1959 ;

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(iv) a 'corresponding new Bank'. as
defirted in the Banking Companies '                      -
(Acquisition · and Transfer of Under .. _5 of 1970. •_

###### .. takil).gs) Act, 1970 ;
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. (v) a 'co-operative bank' as defined in ,..                  -

the Reserve Bank of Indi;i Act,                    - of..1934 . •

; 1934 ~

(c) "Certificate Officer" l:J:as the same meaning •

as in 'Clause (3) of . Section 3 . of the I                   -
Bengal. Public Demands Recover,y Act~ Ben. ~ct ;JJ
J913 ; of 1913.

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510 THE ASSAM GAZETTE EXTRAORDINARY, A'uq. 122, 1976

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(d) ••financia( institution" means-
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(i) -a company or .a body corporate as

.• ' defined in the' Companies Apt, ~956 · 1 of 1956:

or

. (ii) a financial corporation,                        - r                        -

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(iii) a society registered under the • So- Aet XXT ·

cieties Registration Act, 1860, of 1860 • .
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which is engaged in . financing acti-
vities or bas been constituted, , by .

-· . any . law for the . time being in

                       - orce ·and which is either 9wned by,

or in which the majority:~hares are

,held by the Sta~e ~overnment ;

(e) "industrial activity and purpose" includes <b'

.                                - any activity- or purpose for providing . 1 ·

goods .or services ;

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(f) "p~rson" includes group of persons or a
partnership firm or **a** limi~ed company,
either private or public, or a co-operative -..

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society , registered under ~h.e Assa.in Co ..

1 of 1950,1

operative Societies A£t, · 1949 ;

(g) .ipr_fscribed" me~ns _ prescribed by ru[es

mace under this Act ;

(h) "Scheme" means a scheme fra:r;ned' and/or

approved for the purposes of this Act by the
State Government for providing                     - apporru-
nities 'for employment or for assisting agri-
cultur al or industrial activities and w:ir-

!. poJeS;

~ - (i ~ "State . Government" means the _State_

' Government of. Assam.

Recovery of 3 . . Notwi~~startd~ng ' . anything . . contained in any

arrears pf law for the time bemg in force or m any agreem~nc;

Joan. as a any amounf due to a bank or a finapcial institution

publ~c . de- from any person in respe<'..t of any amount advanced
man .. or granted unde1" any scheme shall, apart from any'

~ .. other mode of recovery, ·be re'co_verable a,s an                        - rrear Ben. Act IIY

of iand revenue under the Bengal Public. DeIIfand> .of 1913.               -

Recovery Act, 19-13 .
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.,,._, "'.fi'IE ASSAM GAZET~E. EXTRAORDINARY, AUQ. 22, 1~'6 511

###### Esplanatioa.-The • prov1111ons of this sectlon
shall also apply to any amount . advanced or granted

by way Of any · such loan before the date · on ·which
this Act comes into force and           - remaining unpaid on ·

              - sue I h d ay. . ' .

~ct to over- 4. Notwithstanding . anything contained in the

1 [~~~ ][al ][~~b-][ Bengal Public ] p~mands Recovery . Act~ 1913, no ;

     - lie Jemands appeal nder section 51 of the Bengal P,ubhc Demands

'Recovery Recovery· Act, . 1913, .against an order made by a ·

       - Act, !913 in Certificate Officer for recovery of any loan as. a public
certam cases. demand shall be Cl-dmitted by the appellate autho·

             - . rity unles-s the appellant · deposits either fifty per

             - cen't. of the dues of the .certificate or the amount ,.

admitted by tpe ·appellant to' t:>e due; . whichever is
higher.

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Power to 5. · (1) The , State "Government may, by notifica-

make rules. tion in the Official Gazette, make rule1 for carrying

out th,e purposd of this Act. .            - · ~            -            -

(2) Any rule framed Under · .this 1ecti9n .may
be 1iven restrospective effect: from a date not ~arliel" , I
than . the ?ate of coming' into · force of this Act.

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                     - (3) Every rule made under . this Section shall,
as soon as m~y be after it is made, be placed be-
fore the Assam Legislative ·Assembly while it           - s -in
session for!' toial period of fourteen days which m<J,y

           - be comprised in one or in· two succes~ive sessiDns,f! and
if, hefore the. expiry of the sessions;in which it is so

placed or the sessions immediately following the As~am
Legislatiye Assembly agree in making any modification
in the ru:le or. the Assam 'Legislative Assembly agree
that the rule should not .l)e made, the rule shall            -
thereafter have effect only in such modified forin or be
of no effect as the case may be, so however, that any
iuch modification or annulment shall be . without

, prejudice to ·the · · validity of· anything previously

done · u~der that- rule.             -

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. Md. SAADGLLAH,

Join,t Secy-.· to. the (,}ovt. · of Assam,
###### Law Department.

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Gaul)at1 --Printed and published liy the Supdt., i/o., Printing Press,

Directorate , o · Ptg~ & St v., frwt . of A1sa,m· (Bx-Gaz.ette/

No, 16~-1,60~+ 2,500-:- 22-8-1976. _.1_

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