Tuesday, 8 September 2026
Law on Tips
(LOTS)
India's Premier Legal News
⌘K
Submit News
Login
Subscribe
Home
The Bar Room
The Gazette
The Library
Legal League
Columns
Interviews
⚖
Loading…
Bar
News
Acts
League
Login
The U P Sahkari Gram Vikas Bank Act 1964
Act ID: 1964
The U P Sahkari Gram Vikas Bank Act 1964
"Full text of The U P Sahkari Gram Vikas Bank Act 1964"
Table of Contents
38 Sections
Ch.
Sections
S.1
Short title, extent and commencement
S.2
Definitions
S.3
Number of Gram Vikas Banks
S.4
Appointment of Trustee and his powers and functions
S.5
Trustee to be a Corporation Sole
S.6
Issue of debentures by the Board
S.7
Vesting of property in Trustee and Debenture -holders charge on the assets
S.8
Guarantee by State Government of Principal and interest of the money to be borrowed by means of debentures or otherwise
S.9
Guarantee Fund
S.9-A
Power to borrow money
S.10
Priority of mortgage over certain claims
S.11
Right of Gram Vikas Banks or of the Uttar Pradesh Gram Vikas Bank to purchase mortgaged property
S.12
Mortgages executed in favour of Gram Vikas Bank to stand vested in Uttar Pradesh Gram Vikas Bank
S.13
Power of Uttar Pradesh Gram Vikas Bank to receive moneys and grant discharges
S.14
Right of Gram Vikas Banks to pay prior debts of mortgagor
S.15
Distraint when to be made
S.16
Power of sale when to be exercised
S.17
Power of Gram Vikas Bank where mortgaged property destroyed or security becomes insufficient
S.18
Power of Board or of Trustee to distrain and sell property, etc
S.19
Title of purchaser not to be questioned on the ground of irregularity, etc
S.20
Mortgage not to be questioned on insolvency of mortgagor
S.21
Appointment of receiver and his powers
S.21-A
Vesting of rights of alienation on agriculturists not having such rights
S.21-B
Creation of charge in favour of Gram Vikas Bank or Uttar Pradesh Sahkari Gram Vikas Bank
S.21-C
Provisions of this Act to apply to hypothecation
S.22
Restriction on mortgagor's power to lease or to create other rights in the mortgaged and charged property
S.23
Registration of documents executed in favour of Gram Vikas Bank or The Uttar Pradesh Gram Vikas Bank
S.23-A
Revenue register for noting charge or mortgage
S.24
Delegation of certain powers by Board
S.25
Sections 102, 103 and 104 of the Transfer of Property Act, 1882 to apply to notices under this Act
S.26
Mortgages executed by manager of Joint Hindu Families
S.27
Modification subject to which section 8 of the Hindu Minority and Guardianship Act, 1956 shall apply to the mortgages under this Act
S.28
References to banks in other Acts how construed
S.28-A
References to banks in other Acts now construed after the commencement of the Uttar Pradesh Sahkari Krishi Evam Gramya Vikas Banks (Amendment) Act, 1994
S.29
Power of the Board to make regulations
S.30
Power of State Government to make rules
S.31
Trustee and others to be public servant
S.32
Public servant not to bid at sale
The U P Sahkari Gram Vikas Bank Act 1964
Act ID: 1964
The U P Sahkari Gram Vikas Bank Act 1964
"Full text of The U P Sahkari Gram Vikas Bank Act 1964"
Table of Contents
38 Sections
Ch.
Sections
S.1
Short title, extent and commencement
S.2
Definitions
S.3
Number of Gram Vikas Banks
S.4
Appointment of Trustee and his powers and functions
S.5
Trustee to be a Corporation Sole
S.6
Issue of debentures by the Board
S.7
Vesting of property in Trustee and Debenture -holders charge on the assets
S.8
Guarantee by State Government of Principal and interest of the money to be borrowed by means of debentures or otherwise
S.9
Guarantee Fund
S.9-A
Power to borrow money
S.10
Priority of mortgage over certain claims
S.11
Right of Gram Vikas Banks or of the Uttar Pradesh Gram Vikas Bank to purchase mortgaged property
S.12
Mortgages executed in favour of Gram Vikas Bank to stand vested in Uttar Pradesh Gram Vikas Bank
S.13
Power of Uttar Pradesh Gram Vikas Bank to receive moneys and grant discharges
S.14
Right of Gram Vikas Banks to pay prior debts of mortgagor
S.15
Distraint when to be made
S.16
Power of sale when to be exercised
S.17
Power of Gram Vikas Bank where mortgaged property destroyed or security becomes insufficient
S.18
Power of Board or of Trustee to distrain and sell property, etc
S.19
Title of purchaser not to be questioned on the ground of irregularity, etc
S.20
Mortgage not to be questioned on insolvency of mortgagor
S.21
Appointment of receiver and his powers
S.21-A
Vesting of rights of alienation on agriculturists not having such rights
S.21-B
Creation of charge in favour of Gram Vikas Bank or Uttar Pradesh Sahkari Gram Vikas Bank
S.21-C
Provisions of this Act to apply to hypothecation
S.22
Restriction on mortgagor's power to lease or to create other rights in the mortgaged and charged property
S.23
Registration of documents executed in favour of Gram Vikas Bank or The Uttar Pradesh Gram Vikas Bank
S.23-A
Revenue register for noting charge or mortgage
S.24
Delegation of certain powers by Board
S.25
Sections 102, 103 and 104 of the Transfer of Property Act, 1882 to apply to notices under this Act
S.26
Mortgages executed by manager of Joint Hindu Families
S.27
Modification subject to which section 8 of the Hindu Minority and Guardianship Act, 1956 shall apply to the mortgages under this Act
S.28
References to banks in other Acts how construed
S.28-A
References to banks in other Acts now construed after the commencement of the Uttar Pradesh Sahkari Krishi Evam Gramya Vikas Banks (Amendment) Act, 1994
S.29
Power of the Board to make regulations
S.30
Power of State Government to make rules
S.31
Trustee and others to be public servant
S.32
Public servant not to bid at sale