The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978

Q: What does Section 2 of The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978 say?

(a) "Act" means the Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977. (b) "Department" means a Department of the State Government of Assam. (c) "Form" means a form appended to these Rules. (d) "Local Body" means Gaon Panchayat, Mahkuma Parishads, Municipal Boards, Town Committees and the Gauhati Municipal Corporation and such other like body as to be established by law. (e) "Registrar" means a person appointed to perform the duties of a Registrar of Co-operativ

Q: What does Section 4 of The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978 say?

(a) constitute a new Board; or (b) appoint only one nominee; or (c) decide the case himself by making the award in the manner as provided in Rules 11 and 12.

Q: What does Section 5 of The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978 say?

(i) Officers of the Co-operative Department; (ii) Officers of any other Department of Bank; (iii) members of any local body; (iv) any other person with the approval of the Government.

Raw JSON API

1. The mortgagor hereby mortgages to the mortgagee by simple mortgage the plot/plots or land described in the schedule hereto attached together with its/their appurtenance as security for the sum of Rs..............(Rs.......) paid to the mortgagor (the receipt whereof the said mortgagor hereby acknowledges) in the manner herein mentioned, together with interest accruing thereon, and other charges incidental to the disbursement and recovery thereof.

Section 1

2. That the loan will be repaid within years in annual equal instalments, the first instalment within years/years of the drawal of the loan. Annual instalments shall be paid on or before...............every year.

Section 2

3. The amount hereby borrowed shall bear interest at the rate of Rs per cent per annum from the date of availing of the loan or any part thereof till the date of final satisfaction of the loan account : Provided however, that it shall be lawful for the mortgagee at any time by notice in writing addressed to the mortgagor to change the rate of interest payable under these presents and consequently to change the amount of instalments payable by the mortgagor to the mortgagee under these presents.

Section 3

4. The mortgagee shall have all legal rights on the property of the mortgagor as mortgagee has per this Deed until the loan with interest is repaid in full.

Section 4

5. The entire amount of the loan shall be solely devoted to the aforesaid purposes for which it is taken and duly authorised officers of the financing Banks, shall have unfettered right to enquire about and look into the actual utilisation of the loan by the borrower from time to time and demand repayment of the instalments as and when they fall due.

Section 5

6. In case of misappropriation of the loan by the mortgagor the mortgagee shall have the right to demand repayment of the entire loan or any party lying due at the time whether it is due or not according to the stipulation herein contained.

Section 6

7. All instalments shall be repayable on due dates. In case of default of any instalment, recovery of such instalment or part thereof, and in case of default of payment of mortgage money or any part, the entire balance of the loan with interest shall fall due.

Section 7

8. That the mortgagee shall have the right to transfer or assign all its rights conferred by this Deed including the securities hereby offered to any other Bank or person for any reason whatever so even without any separate letter of consent and the mortgagor shall be bound to such transferee or assignee in the same way and to the same extent as to the mortgagee.

Section 8

9. That in consideration aforesaid and in further pursuance of this agreement, the mortgagor does hereby convey to the mortgagee by way of simple mortgage all these properties described in the schedule below belonging to him which are free from all encumbrances to the intent that the properties hereby mortgaged shall remain and be charged with due repayment of the loan with all interest and costs.

Section 9

10. The mortgagor hereby declares that the property mortgaged is free from encumbrances. If for any reason litigation ensures concerning the property mortgaged and the mortgagee suffers any loss thereby, the mortgagor covenants with mortgagee that he will not only made good the loss but also render all help necessary in regard to the safeguarding of the property mortgaged.

Section 10

11. The mortgagor hereby further covenants with the mortgagee that he will not alienate the mortgaged property either by sale, gift, subsequent mortgage or otherwise, without the previous consent in writing of the mortgagee. If any such alienation is made, the mortgagee shall be at liberty to demand repayment of the loan and recover the entire outstanding loan without reference to the period for which the loan is given with interest @ Rs...........per cent per annum from the date of demand till

Section 11

12. The mortgagor further covenants that he will regularly pay rent/revenue due to landlord/Government on the property mortgaged.

Section 12

13. These presents shall be a security not only for the money hereinbefore expressed to be secured but also for any other money that now are or may hereafter become due to the mortgagee from the mortgagor on any account whatsoever.

Section 13

14. In case of default in payment of the loan in accordance with the terms herein contained, the mortgagee or its transferee or assignee shall have the right to bring the mortgaged property to sale without the intervention of the Court and to enforce its or his remedies against other movable and immovable assets of mortgagor in case the sale proceeds of the properties hereby mortgaged are not sufficient or rendered unfit for sale to liquidate the entire loan with interest and cost.

Section 14

15. On repayment of the amount due to the mortgagee under this Deed, the mortgagee at the request of the mortgagor shall issue to the mortgagor a certificate of complete discharge.

Section 15

{
    "id": 15129,
    "slug": "the-assam-agricultural-credit-operations-and-miscellaneous-provisions-banks-rules-1978-1978",
    "title": "The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978",
    "short_title": "The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978",
    "act_number": "Published vide Notification No. Co-operate 38/77/9",
    "act_year": 1978,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title and commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions.",
            "chapter": null,
            "content": "(a) \"Act\" means the Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1977.\n(b) \"Department\" means a Department of the State Government of Assam.\n(c) \"Form\" means a form appended to these Rules.\n(d) \"Local Body\" means Gaon Panchayat, Mahkuma Parishads, Municipal Boards, Town Committees and the Gauhati Municipal Corporation and such other like body as to be established by law.\n(e) \"Registrar\" means a person appointed to perform the duties of a Registrar of Co-operative Societies under the Assam Co-operative Societies Act, 1949 (Act 1 of 1950).\n(f) \"Section\" means a section of the Act.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Registration of charge and mortgage.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Reference of dispute to a Board.",
            "chapter": null,
            "content": "(a) constitute a new Board; or\n(b) appoint only one nominee; or\n(c) decide the case himself by making the award in the manner as provided in Rules 11 and 12.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Appointment of nominees by Registrar.",
            "chapter": null,
            "content": "(i) Officers of the Co-operative Department;\n(ii) Officers of any other Department of Bank;\n(iii) members of any local body;\n(iv) any other person with the approval of the Government.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Expenses in determining the dispute.",
            "chapter": null,
            "content": "(b) Remuneration to nominees may be paid in such sums as the Registrar may think fit in accordance with general or specific instruction of Government.\n(c) The expenses incurred in determining the dispute shall be deposited before the proceedings of the Board begin by the parties with the Registrar in such manner as he may direct.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "7",
            "title": "7. Power to order payment of expenses.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "8",
            "title": "8. Procedure for reference of dispute to Registrar.",
            "chapter": null,
            "content": "(a) statement of the subject matter of the dispute referred to in Form D;\n(b) statement of the claims in Form 'E';\n(c) copy of the Ledger Account;\n(d) other supporting records.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "9",
            "title": "9. Court-fee stamp for reference.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        },
        {
            "number": "10",
            "title": "10. Procedure for hearing of dispute.",
            "chapter": null,
            "content": "(a) attendance of the parties and the witnesses;\n(b) production of all books and documents relating to the matter in dispute.\n(a) personal service;\n(b) registered post with acknowledgement due; or\n(c) affixing a copy of the notice at the last known place of residence or business of the parties in dispute.\n(ii) Service of notice on the Manager or the Accountant of a bank shall be regarded as service on that bank.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 9
        },
        {
            "number": "11",
            "title": "11. Recording of decision proceedings by Board of Nominees.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "12",
            "title": "12. Power of Registrar in matters of dispute of decision.",
            "chapter": null,
            "content": "Form 'A'\nForm 'A'\nForm of Mortgage Deed\nForm of Mortgage Deed\n[Rule 3 (1)]",
            "footnote": "",
            "is_definition": false,
            "sort_order": 11
        },
        {
            "number": "1",
            "title": "1. The mortgagor hereby mortgages to the mortgagee by simple mortgage the plot/plots or land described in the schedule hereto attached together with its/their appurtenance as security for the sum of Rs..............(Rs.......) paid to the mortgagor (the receipt whereof the said mortgagor hereby acknowledges) in the manner herein mentioned, together with interest accruing thereon, and other charges incidental to the disbursement and recovery thereof.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 12
        },
        {
            "number": "2",
            "title": "2. That the loan will be repaid within years in annual equal instalments, the first instalment within years/years of the drawal of the loan. Annual instalments shall be paid on or before...............every year.",
            "chapter": null,
            "content": "",
            "footnote": "",
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        },
        {
            "number": "3",
            "title": "3. The amount hereby borrowed shall bear interest at the rate of Rs per cent per annum from the date of availing of the loan or any part thereof till the date of final satisfaction of the loan account : Provided however, that it shall be lawful for the mortgagee at any time by notice in writing addressed to the mortgagor to change the rate of interest payable under these presents and consequently to change the amount of instalments payable by the mortgagor to the mortgagee under these presents.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
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        },
        {
            "number": "4",
            "title": "4. The mortgagee shall have all legal rights on the property of the mortgagor as mortgagee has per this Deed until the loan with interest is repaid in full.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 15
        },
        {
            "number": "5",
            "title": "5. The entire amount of the loan shall be solely devoted to the aforesaid purposes for which it is taken and duly authorised officers of the financing Banks, shall have unfettered right to enquire about and look into the actual utilisation of the loan by the borrower from time to time and demand repayment of the instalments as and when they fall due.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 16
        },
        {
            "number": "6",
            "title": "6. In case of misappropriation of the loan by the mortgagor the mortgagee shall have the right to demand repayment of the entire loan or any party lying due at the time whether it is due or not according to the stipulation herein contained.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
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        },
        {
            "number": "7",
            "title": "7. All instalments shall be repayable on due dates. In case of default of any instalment, recovery of such instalment or part thereof, and in case of default of payment of mortgage money or any part, the entire balance of the loan with interest shall fall due.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
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        },
        {
            "number": "8",
            "title": "8. That the mortgagee shall have the right to transfer or assign all its rights conferred by this Deed including the securities hereby offered to any other Bank or person for any reason whatever so even without any separate letter of consent and the mortgagor shall be bound to such transferee or assignee in the same way and to the same extent as to the mortgagee.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 19
        },
        {
            "number": "9",
            "title": "9. That in consideration aforesaid and in further pursuance of this agreement, the mortgagor does hereby convey to the mortgagee by way of simple mortgage all these properties described in the schedule below belonging to him which are free from all encumbrances to the intent that the properties hereby mortgaged shall remain and be charged with due repayment of the loan with all interest and costs.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "10",
            "title": "10. The mortgagor hereby declares that the property mortgaged is free from encumbrances. If for any reason litigation ensures concerning the property mortgaged and the mortgagee suffers any loss thereby, the mortgagor covenants with mortgagee that he will not only made good the loss but also render all help necessary in regard to the safeguarding of the property mortgaged.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 21
        },
        {
            "number": "11",
            "title": "11. The mortgagor hereby further covenants with the mortgagee that he will not alienate the mortgaged property either by sale, gift, subsequent mortgage or otherwise, without the previous consent in writing of the mortgagee. If any such alienation is made, the mortgagee shall be at liberty to demand repayment of the loan and recover the entire outstanding loan without reference to the period for which the loan is given with interest @ Rs...........per cent per annum from the date of demand till ",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 22
        },
        {
            "number": "12",
            "title": "12. The mortgagor further covenants that he will regularly pay rent/revenue due to landlord/Government on the property mortgaged.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 23
        },
        {
            "number": "13",
            "title": "13. These presents shall be a security not only for the money hereinbefore expressed to be secured but also for any other money that now are or may hereafter become due to the mortgagee from the mortgagor on any account whatsoever.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 24
        },
        {
            "number": "14",
            "title": "14. In case of default in payment of the loan in accordance with the terms herein contained, the mortgagee or its transferee or assignee shall have the right to bring the mortgaged property to sale without the intervention of the Court and to enforce its or his remedies against other movable and immovable assets of mortgagor in case the sale proceeds of the properties hereby mortgaged are not sufficient or rendered unfit for sale to liquidate the entire loan with interest and cost.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 25
        },
        {
            "number": "15",
            "title": "15. On repayment of the amount due to the mortgagee under this Deed, the mortgagee at the request of the mortgagor shall issue to the mortgagor a certificate of complete discharge.",
            "chapter": null,
            "content": "Schedule of mortgaged properties\nName of village/mouza\nPatta No.\nDag No.\nDescription of property\nApproximate value\nName of owner\nRemarks\nWitness\nAddress in full\nMortgagor\n1. 2. 3. 4.\nDuly executed in our presence\nAny other Bank official .............................\nForm B\nForm B\n[Rule 3 (2)]\nThe S.D.C./other Revenue Officer.......Circle.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 26
        },
        {
            "number": "1",
            "title": "1. Name of Borrower",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 27
        },
        {
            "number": "2",
            "title": "2. Father's name",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 28
        },
        {
            "number": "3",
            "title": "3. Dag No.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 29
        },
        {
            "number": "4",
            "title": "4. Patta No.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "5",
            "title": "5. Village",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 31
        },
        {
            "number": "6",
            "title": "6. Mauza",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 32
        },
        {
            "number": "7",
            "title": "7. Sub-division",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 33
        },
        {
            "number": "8",
            "title": "8. District",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 34
        },
        {
            "number": "9",
            "title": "9. Name of owner",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 35
        },
        {
            "number": "10",
            "title": "10. Whether charged or mortgaged",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 36
        },
        {
            "number": "11",
            "title": "11. Approximate value of crop/land",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 37
        },
        {
            "number": "12",
            "title": "12. Prior encumbrances, if any",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 38
        },
        {
            "number": "13",
            "title": "13. Remarks",
            "chapter": null,
            "content": "Yours sincerely,\nManager\nForm C\nForm C\n[Rule 3 (3)]\nName of District/Sub-division\nName of village\nName of Mauza/Circle Pargana\nPatta No.\nDag No.\nDescription of property\nBoundary\nArea\nBighas\nAcres\n1\n2\n3\n4\n5\n6\n7\n8\nAssessment\nApproximate value\nName of owner with permanent address\nEncumbrances, if any\nDate of creation of charge/mortgage\nName of Bank with whom the charge/mortgage is\n\t\t\t\tcreated with address\nRemarks, if any\nNature\nAmount\n9\n10\n11\n12\n13\n14\n15\nForm D\nForm D\n[Rule 9 (ix)]\nSignature of the applicant\nForm E\nForm E\n[Rule 9(b)]\nStatement showing the disputed claims of.................................against.........referred to the Registrar of Co-operative Societies, Assam for settlement under Reference/Application No...............dated........\nSerial No.\nFull name of the Coop. Society complained against\n\t\t\t\tand its address\nName of Society and Sureties, if any\nOriginal advance\nDate or dates on which repayments fall due\nDate of issue\nAmount\nRate of interest\n1\n2\n3\n4\n5\n6\n7\nTotal repayment to the date to which the account\n\t\t\t\tis drawn\nBalance of amount now due and claimed\nDate to which accounts drawn\nRemarks (details regarding demand made)\nPrincipal\nInterest\nPrincipal\nInterest\n8\n9\n10\n11\n12\n13\nSignature of applicant\nForm F\nForm F\n[Rule 11]",
            "footnote": "",
            "is_definition": false,
            "sort_order": 39
        }
    ],
    "metadata": {
        "Act ID": "Last Updated 10th February, 2020 [ass026]",
        "Act Number": "Published vide Notification No. Co-operate 38/77/91",
        "Enactment Date": "",
        "Act Year": "1978",
        "Short Title": "The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:55:19"
}

The Assam Agricultural Credit Operations and Miscellaneous Provisions (Banks) Rules, 1978

Sections

1. Short title and commencement.

2. Definitions.

3. Registration of charge and mortgage.

4. Reference of dispute to a Board.

5. Appointment of nominees by Registrar.

6. Expenses in determining the dispute.

7. Power to order payment of expenses.

8. Procedure for reference of dispute to Registrar.

9. Court-fee stamp for reference.

10. Procedure for hearing of dispute.

11. Recording of decision proceedings by Board of Nominees.

12. Power of Registrar in matters of dispute of decision.

2. That the loan will be repaid within years in annual equal instalments, the first instalment within years/years of the drawal of the loan. Annual instalments shall be paid on or before...............every year.

4. The mortgagee shall have all legal rights on the property of the mortgagor as mortgagee has per this Deed until the loan with interest is repaid in full.

6. In case of misappropriation of the loan by the mortgagor the mortgagee shall have the right to demand repayment of the entire loan or any party lying due at the time whether it is due or not according to the stipulation herein contained.

7. All instalments shall be repayable on due dates. In case of default of any instalment, recovery of such instalment or part thereof, and in case of default of payment of mortgage money or any part, the entire balance of the loan with interest shall fall due.

12. The mortgagor further covenants that he will regularly pay rent/revenue due to landlord/Government on the property mortgaged.

13. These presents shall be a security not only for the money hereinbefore expressed to be secured but also for any other money that now are or may hereafter become due to the mortgagee from the mortgagor on any account whatsoever.

15. On repayment of the amount due to the mortgagee under this Deed, the mortgagee at the request of the mortgagor shall issue to the mortgagor a certificate of complete discharge.

1. Name of Borrower

2. Father's name

3. Dag No.

4. Patta No.

5. Village

6. Mauza

7. Sub-division

8. District

9. Name of owner

10. Whether charged or mortgaged

11. Approximate value of crop/land

12. Prior encumbrances, if any

13. Remarks