Section 4(1) in The Punjab Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1978
(1)Where an agriculturist creates a charge on land, or any other immoveable property which he owns or in which he has an interest in respect of any financial assistance given to him by a bank, he may make a declaration on the lines of the form set out in the Schedule or as near thereto as circumstances permit, declaring that thereby he creates, in favour of the bank, a charge on such land or other immoveable property or his interest therein, as the case may be; to secure the financial assistance given to him by the bank.
