Section 81(1)(b) in Karnataka Land Reforms Act, 1961
(b)the mortgage of any land or interest therein in favour of,—(i)a co-operative society;(ii)a financial institution;(iii)Deleted;(iv)Deleted(v)Deleted;(vi)any company as defined in section 3 of the Companies Act, 1956 (Central Act 1 of 1956) in which not less than fifty-one per cent of the paid up share capital is held by the State Government or the Central Government or both;(vii)any corporation, not being a company as defined in section 3 of the Companies Act, 1956 (Central Act 1 of 1956) established or constituted by the State Government or the Central Government or both;(viii)the Coffee Board constituted under the Coffee Act, 1942 (Central Act 7 of 1942), as security for any loan or other facility given by such society, bank, company, corporation or Board for agricultural purposes.