The Bombay Non-Agriculturists' Loans Act, 1928
Bombay Act No. 3 of 1928
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LEGISLATIVE HISTORY 6 |
(a) from the borrower-as if they were arrears of land revenue due by him;
(b) from his surety (if any)-as if they were arrears of land revenue due by him;
(c) out of the assets left by a deceased borrower or surety or out of the property comprised in the collateral security (if any)-according to the procedure for the realisation of land revenue by the sale of a defaulter's moveable or immovable property other than land on which that revenue is due;
(d) if the loan is for the benefit of a house out of such house-as if it were arrears of land revenue due in respect of the land on which the house stands.
[Explanation. - In this section "Collector" includes a Deputy Commissioner.] [6. Power to make rules. - (1) The [[State] Government] may from time to time by notification in the [Official Gazette] make rules to carry out the purpose of this Act. (2) In particular and without prejudice to the generality of the foregoing power such rules may be made for the following matter, namely:-(a) the manner of making applications for loans;
(b) the officers by whom loans may be granted;
(c) the nature of the security if any to be taken for the due application and repayment of the money the rate of interest at which and the conditions under which the loans may be granted and the manner and term of granting loans; and
(d) the instalments by which and the mode in which loans shall be repaid.]
7. [Repeals and Savings.] Omitted by the Gujarat Adaptation of Laws (State and Concurrent Subjects) Order, 1960.