(b) The Chief Commissioner shall define the local limits of the area in which a board shall have jurisdiction.
(c) The Chief Commissioner shall determine the pecuniary limits of the jurisdiction of the board, provided that no board shall have jurisdiction to make a settlement between a debtor and his creditor if the total debts of the debtor exceed Rs. 10,000 or such large amount as the Chief Commissioner may prescribe for any area.
(d) Such board shall consist of a Chairman and one or more members to be appointed by the Chief Commissioner:
(e) The Chairman and every member of a board so established shall be appointed for a term not exceeding three years, but shall be eligible by for reappointment on the expiry of his term.
(f) The quorum of a board shall be prescribed by the Chief Commissioner.
(g) Where the Chairman and Members of a board are not unanimous, the opinion of the majority shall prevail, and, if the board is equally divided, the Chairman shall exercise a casting vote.
(a) the establishment of a board and the appointment of its members ; and the board shall be deemed to have been established and its members appointed from the date specified in such notification or notifications
(b) the cancellation of the appointment of any member of a board ; and from the date specified in such notification the member shall cease to be a member of the board ;
(c) the dissolution of a board ; and from the date specified in such notification the board shall cease to exist.
Section 8 • Punjab Relief of Indebtedness Act, 1934
8. Setting up of Debt Conciliation Board.
punjab-relief-of-indebtedness-act-1934-sec-8.json
•
Section 8
{
"act_title": "Punjab Relief of Indebtedness Act, 1934",
"act_slug": "punjab-relief-of-indebtedness-act-1934",
"section_label": "Section",
"section": {
"number": "8",
"title": "8. Setting up of Debt Conciliation Board.",
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"content": "(b) The Chief Commissioner shall define the local limits of the area in which a board shall have jurisdiction.\n(c) The Chief Commissioner shall determine the pecuniary limits of the jurisdiction of the board, provided that no board shall have jurisdiction to make a settlement between a debtor and his creditor if the total debts of the debtor exceed Rs. 10,000 or such large amount as the Chief Commissioner may prescribe for any area.\n(d) Such board shall consist of a Chairman and one or more members to be appointed by the Chief Commissioner:\n(e) The Chairman and every member of a board so established shall be appointed for a term not exceeding three years, but shall be eligible by for reappointment on the expiry of his term.\n(f) The quorum of a board shall be prescribed by the Chief Commissioner.\n(g) Where the Chairman and Members of a board are not unanimous, the opinion of the majority shall prevail, and, if the board is equally divided, the Chairman shall exercise a casting vote.\n(a) the establishment of a board and the appointment of its members ; and the board shall be deemed to have been established and its members appointed from the date specified in such notification or notifications\n(b) the cancellation of the appointment of any member of a board ; and from the date specified in such notification the member shall cease to be a member of the board ;\n(c) the dissolution of a board ; and from the date specified in such notification the board shall cease to exist.",
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