Haryana Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1973

{
    "id": 16931,
    "slug": "haryana-agricultural-credit-operations-and-miscellaneous-provisions-banks-act-1973",
    "title": "Haryana Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1973",
    "short_title": "Haryana Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1973",
    "act_number": "Haryana Act No. 34 of 1973",
    "act_year": 1973,
    "act_type": "STATE",
    "location": "Haryana",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "Haryana Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1973",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title, extent and commencement.",
            "chapter": null,
            "content": "Object & Reasons 6\nStatement of Objects and Reasons.\nDate of enforcement.\nNotification No. ARC-11-74/27168, dated the 22nd November, 1974.\nRegional Rural banks.\nNotification No. S.O. 152/H.A.34/73/S.2/76. dated 3.11.1976.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions.",
            "chapter": null,
            "content": "(a) \"agriculture\" and \"agricultural purpose\" shall include making land fit for cultivation, cultivation of land, improvement of land including development of sources of irrigation, raising, protecting and harvesting of crops, horticulture, forestry, planting and farming, cattle breeding, animal husbandry, dairy farming, seed farming, pisciculture, apiculture, sericulture, piggery, poultry farming and such other activities as are generally carried on by agriculturists, dairy farmers, cattle breeders, poultry farmers and other categories of persons  engaged in similar activities including marketing of agricultural products, their storage and transport and the acquisition of implements and machinery in connection with any such activity;\n(b) \"agriculturist\" means a person who is engaged in agriculture;\n(c) \"Agro Industries Corporation\" means a company or other body corporate, one of the principal objectives of which is to undertake activities connected with or intended for the development of agriculture and not less than fifty one per centum of the paid up share capital of which is held by the Central Government or by any State Government or Governments or partly by the Central Government and partly by one or more State Governments;\n(d) \"banks\" means-\n(i) a banking company as defined in the Banking Regulation Act, 1949 ;\n(ii) the State Bank of India constituted under the State Bank of India Act, 1955 ;\n(iii) a subsidiary bank as defined in the State Bank of India (Subsidiary Bank) Act, 1959 ;\n(iv) any of the banks mentioned in column 2 of the First Schedule to the Banking Companies (Acquisition and Transfer of Undertaking) Act 1970;\n(v) omitted by Haryana Act 17 of 1978.\n(vi) the Agricultural Refinance Corporation constituted under the Agricultural Refinance Corporation Act, 1963;\n(vii) the Argo-Industries Corporation as defined in sub-clause (c);\n(viii) the Agricultural Finance Corporation Limited, a comparty incorporated under the Companies Act, 1956; and\n(ix) any other financial institution notified by the State Government in the Official Gazette as a bank for the purposes of this Act;\n(e) \"co-operative society\" means a co-operative society as defined in clause (c) of Section 2 of the Punjab Co-operative Societies Act, 1961, the object of which is to provide financial assistance as defined in clause (f) of this section to its members and includes the co-operative land mortgage bank;\n(f) \"financial assistance\" for the purposes of this Act means assistance granted by way of loans, advances, guarantee or otherwise for agricultural purpose;\n(g) \"Registrar\" means the Registrar as defined in the Punjab Co- operative Societies Act, 1961.\nChapter II\nRights of Agriculturists to Create Charge on Land and Interests Therein in Favour of Banks.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Charge of crop and other movable property in favour of bank.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Creation of charge on land in favour of bank by declaration.",
            "chapter": null,
            "content": "Chapter III\nCharges and Mortgages in Favour of Banks and Their Priorities",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Removal of disability in creation of charges and mortgages.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Priority of charge and mortgages in favour of Government bank and co- operative society.",
            "chapter": null,
            "content": "(a) no charge or mortgage created on any land or interest therein, after the commencement of this Act in favour of the State Government or a co- operative society shall have priority over a charge or mortgage on such land or interest created by an agriculturist in favour of a bank as security for financial assistance given to the agriculturist by the bank after the commencement of this Act and prior to the charge or mortgage in favour of the State Government or the co-operative society ; and\n(b) any charge or mortgage created on any land or interest therein in favour of a bank in respect of financial assistance given to an agriculturist by that bank shall have priority over any other charge or mortgage that may have been created over such land or interest in favour of any person other than the state Government, a co-operative society or any other bank, prior to the date on which the charge or mortgage was created in favour of the bank.\nExplanation.\n[6A. Registration of charge and mortgage in favour of banks.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "6B",
            "title": "6B. Noting of charge or mortgage, created in favour of bank, in record-of- rights.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "7",
            "title": "7.  Restrictions on creation of tenancy by agriculturist borrower.",
            "chapter": null,
            "content": "Chapter IV\nArrangements for Recovery of Dues by Banks",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "8",
            "title": "8. Recovery of dues of bank through prescribed authority.",
            "chapter": null,
            "content": "[8A. Recovery in case of personal security.\nExplanation.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        },
        {
            "number": "9",
            "title": "9. Right of bank to acquire and dispose of immovable property.",
            "chapter": null,
            "content": "Chapter V\nFinancing of Co-operative Societies by Banks",
            "footnote": "",
            "is_definition": false,
            "sort_order": 9
        },
        {
            "number": "10",
            "title": "10. Bank eligible to become member of co-operative society.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "11",
            "title": "11. Power of co-operative societies to  borrow from banks.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 11
        },
        {
            "number": "12",
            "title": "12. Inspection of books of co-operative society by bank.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 12
        },
        {
            "number": "13",
            "title": "13. Disputes between bank and co-operative society.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 13
        },
        {
            "number": "14",
            "title": "14. Settlement of disputes.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 14
        },
        {
            "number": "15",
            "title": "15. Procedure for hearing of disputes.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 15
        },
        {
            "number": "16",
            "title": "16. Decision of Registrar or his nominee or board of nominees.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 16
        },
        {
            "number": "17",
            "title": "17. Recovery of money awarded.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 17
        },
        {
            "number": "18",
            "title": "18. Powers of banks to proceed against defaulting members of co-operative society.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 18
        },
        {
            "number": "19",
            "title": "19. Audit, inspection and inquiry reports of societies to be available to banks.",
            "chapter": null,
            "content": "Chapter VI\nMiscellaneous",
            "footnote": "",
            "is_definition": false,
            "sort_order": 19
        },
        {
            "number": "20",
            "title": "20. Exemption from legislations relating to money lending and agriculturists' debt relief.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "21",
            "title": "21. Mortgages executed by managers of Joint Hindu families",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 21
        },
        {
            "number": "8",
            "title": "22. Modified application of section 8 of Act  32 of 1956.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 22
        },
        {
            "number": "23",
            "title": "23. Power to make rules.",
            "chapter": null,
            "content": "Schedule\nDeclaration under section 4(1)\nRevenue Estate\nName of Tehsil\nName of District\nKhasra Number\nBoundaries South North\nEast\n1\n2\n3\n4\n5\n6\nEncumbrances, if any\nAssessment Rupees Paise\nApproximate Value\nNature\nAmount\nRemarks,  if any\n7\n8\n9\n10\n11\n(1)\n(2)",
            "footnote": "",
            "is_definition": false,
            "sort_order": 23
        }
    ],
    "metadata": {
        "Act ID": "hl162",
        "Act Number": "Haryana Act No. 34 of 1973",
        "Enactment Date": "",
        "Act Year": "1973",
        "Short Title": "Haryana Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1973",
        "Type": "STATE",
        "Location": "Haryana"
    },
    "updated_at": "2026-09-29 21:55:19"
}