U P Sahkari Gram Vikas Bank Act, 1964
No: 16 Dated: Jul, 20 1964
U P Sahkari Gram Vikas Bank Act, 1964
-: ACT :-
1. Short title, extent and commencement. - (1) This Act may be called the Uttar Pradesh [Sahkari Gram Vikas Banks] Act, 1964.
(2) It extends to the whole of the State of Uttar Pradesh.
(3) It shall come into force from such date as the State Government may, by notification in the Gazette, appoint in this behalf.
2. Definitions. - In this Act unless there is anything repugnant in the subject or context -
(a) "Board" means the Board of Directors of the [Uttar Pradesh Gram Vikas Bank];
(b) "Bye-laws" means the bye-laws registered under the Co-operative Societies Act, for the time being in force in Uttar Pradesh and includes a registered amendment of the bye-laws;
(c) 'Gram Vikas Bank' or 'Sahkari Gram Vikas Bank' means a Co-operative Society registered under the Uttar Pradesh Co-operative Societies Act, 1965, admitted as a member of the Uttar Pradesh Sahkari Gram Vikas Bank and having as its main object the advancement of loans to its members on the mortgage of or charge on, immovable property or on hypothecation of movable property or against unconditional guarantee of the State Government generally for agricultural and rural development including construction of dwelling houses in rural areas and undertake any other activities construction of dwelling houses in rural areas and undertake any other activities in the interest of, or desired by, its members with the prior approval of the State Government."
(d) "Managing Committee" means the governing body of a [Gram Vikas Bank] to which the management of its affairs is entrusted;
(e) "Officer" includes a chairman, secretary, treasurer, member of the Board or the managing committee or other person empowered under the rules or the bye-laws to give directions in regard to the business of the [Uttar Pradesh Gram Vikas Bank] or a [Gram Vikas Bank];
(f) "Prescribed" means prescribed by rules made under this Act;
(g) "Rules "means the rules made under this Act;
(2) It extends to the whole of the State of Uttar Pradesh.
(3) It shall come into force from such date as the State Government may, by notification in the Gazette, appoint in this behalf.
2. Definitions. - In this Act unless there is anything repugnant in the subject or context -
(a) "Board" means the Board of Directors of the [Uttar Pradesh Gram Vikas Bank];
(b) "Bye-laws" means the bye-laws registered under the Co-operative Societies Act, for the time being in force in Uttar Pradesh and includes a registered amendment of the bye-laws;
(c) 'Gram Vikas Bank' or 'Sahkari Gram Vikas Bank' means a Co-operative Society registered under the Uttar Pradesh Co-operative Societies Act, 1965, admitted as a member of the Uttar Pradesh Sahkari Gram Vikas Bank and having as its main object the advancement of loans to its members on the mortgage of or charge on, immovable property or on hypothecation of movable property or against unconditional guarantee of the State Government generally for agricultural and rural development including construction of dwelling houses in rural areas and undertake any other activities construction of dwelling houses in rural areas and undertake any other activities in the interest of, or desired by, its members with the prior approval of the State Government."
(d) "Managing Committee" means the governing body of a [Gram Vikas Bank] to which the management of its affairs is entrusted;
(e) "Officer" includes a chairman, secretary, treasurer, member of the Board or the managing committee or other person empowered under the rules or the bye-laws to give directions in regard to the business of the [Uttar Pradesh Gram Vikas Bank] or a [Gram Vikas Bank];
(f) "Prescribed" means prescribed by rules made under this Act;
(g) "Rules "means the rules made under this Act;