Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Entire Act]

State of Punjab - Section

Section 2 in The Punjab Co-operative Land Mortgage Banks Act, 1957

2. Definitions.

- In this Act, unless the context otherwise requires -
(a)"Board" means the board of directors of the State Bank ;
(b)"Committee" means, in relation to a Primary Land Mortgage Bank, the governing body of the Bank to whom the management of its affairs is entrusted;
(c)"Land" shall have the meaning assigned to it in clause (1) of section 4 of the Punjab Tenancy Act, 1887 (No. 17 of 1887);
(d)"Mortgage Bank" means a Primary Land Mortgage Bank or State Bank registered or deemed to be registered under the [Punjab Co-operative Societies Act, 1954,] [Now Punjab Co-operative Societies Act, 1961.]
(e)"prescribed" means prescribed by rules made under this Act;
(f)"Primary Land Mortgage Bank" means a Co-operative Land Mortgage Bank registered or deemed to be registered under [the Punjab Co-operative Societies Act, 1954,] [Now Punjab Co-operative Societies Act, 1961.] and affiliated as a member to the State Bank;
(g)"Registrar" means the person appointed by the State Government to be Registrar of Co-operative Societies for the State of Punjab, or any person appointed by the State Government to assist the Registrar, under section 3 of the [Punjab Co- operative Societies Act, 1954] [Now Punjab Co-operative Societies Act, 1961.];
(h)"the State Bank" means the Punjab State Co-operative Land Mortgage Bank Limited to be established for the purposes of this Act;
(i)"Trustee" means the trustee referred to in section 3.