State of Gujarat - Act
Gujarat Co-operative Societies and the Bombay Land Improvement Schemes (Amendment) Act, 1969
GUJARAT
India
India
Gujarat Co-operative Societies and the Bombay Land Improvement Schemes (Amendment) Act, 1969
Act 21 of 1969
- Published on 17 December 1969
- Not commenced
- [This is the version of this document from 17 December 1969.]
- [Note: The original publication document is not available and this content could not be verified.]
An Act to amend the Gujarat Co-operative Societies Act, 1961 and the Bombay Land Improvement Schemes Act, 1942, for certain purposes.It is hereby enacted in the Twentieth Year of the Republic of India as follow:-* (Received the assent of the Governor on 17th December, 1969 and published in the "Gujarat Government Gazette" on the 18th December 1969)(2)On such transfer of rights and liabilities of the State Government, the State Land Development Bank shall pay to the State Government an amount equal to the extent of the liability accepted by it under such agreement, and the State Government shall inform the owners of land concerned of such transfer; and thereupon, the provisions of this Act and rules made thereunder in so far as they provide for the advancing of loans (including provision for mortgaging of property) and recovery thereof shall apply in relation to the amount of cost to be recovered from each owner of land as they apply in relation to the advancing of loans and recovery thereof (including interest) as if such owner was a member of the State Land Development Bank. The transfer of the rights and liabilities and payment made in accordance therewith shall discharge the owners of lands of their liability to make payment to the State Government under the Bombay Land Improvement Schemes Act, 1942, (Bom. XXVIII of 1942) but to the extent only of their respective liability accepted by the State Land Development Bank.".