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The Assam Displaced Persons (Rehabilitation Loans) Rules, 1954

The Assam Displaced Persons (Rehabilitation Loans) Rules, 1954

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Sections

1. Short title.

Section 1

2. Definition.

Section 2

1. Building a house on the land specified in Schedule II hereto annexed.

Section 1

2. Purchase of land.

Section 2

3. Business purposes/for the pursuit of profession as...... which profession I intend to pursue for gainful purpose in....... and purchase of articles of merchandise for trading therein for gainful purposes and purchase or hire of equipments for such trading.

Section 3

4. Essential expenditure on the maintenance of my family for...... months..........

Section 4

1. That I shall utilize the said loan solely for the purposes of rehabilitating myself and for my family/constructing residential house as a........... in............. where I have decided to settle down finally. I shall submit a monthly statement to the Deputy Commissioner/Sub-divisional Officer/Additional Relief and Rehabilitation Commissioner, Assam, how the loan has been utilized and how I have progressed in resettlement/building the house.

Section 1

2. That I agree that the amount of loan meant for the maintenance of my family shall be paid in monthly instalments of Rs......

Section 2

3. That I shall acquire the following asset with the loan and shall execute a deed in Form G mortgaging the same to the Governor of Assam within 15 days of such acquisition.

Section 3

4. That I and my heirs and representatives, executors and administrators shall be bound to the Governor of Assam, his successors-in-office and assigns for the payment of whole amount of the said loan with interest at the rate of per cent per annum at the expiry of........ year from the date of receipt thereof.

Section 4

5. That the loan with interest shall be payable by the instalments on the dates and amounts specified below:

Section 5

6. That in case of default in repaying the said loan and the interest thereon or any portion thereof by the instalments at the time and in the manner aforesaid the whole amount of the loan then unpaid and outstanding with the interest thereon as aforesaid shall be deemed to have become due and the Governor, his successors-in-office and assigns shall have the right and power to realise the whole and every part of such amount [including penal interest at the rate of......... per cent per annum wit

Section 6