| THE KERALA STATE CO-OPERATIVE AGRICULTURAL DEVELOPMENT BANKS (AMENDMENT ) ACT, 1990 [1] (Act 19 of 1990) An Act further to amend the Kerala State co-operative Agricultural Development Banks Act, 1984. Preamble.-WHEREAS it is expedient to amend the Kerala State Co-operative Agricultural Development Banks Act, 1984, for the purposes hereinafter appearing; BE it enacted in the Forty-first Year of the Republic of India as follows:- 1. Short title and commencement.- (1) This Act may be called the Kerala State Co-operative Agricultural Development Banks (Amendment) Act, 1990. (2) It shall be deemed to have come into force on the 11th day of May, 1990. 2. Amendment of long title.- In the long title to the Kerala State Co-operative Agricultural Development Banks Act, 1984 (20 of 1984) (hereinafter referred to as the principal Act), for the words "Agricultural Development Banks" the words "Agricultural and Rural Development Banks" shall be substituted. 3. Amendment of Preamble.- In the Preamble to the principal Act, for the words "Agricultural Development Banks", the words "Agricultural and Rural Development Banks" shall be substituted. 4. Amendment of section 1.- In section 1 of the principal Act, in sub-section (1), for the words "Agricultural Development Banks", the words "Agricultural and Rural Development Banks" shall be substituted. 5. Amendment of section 2.- In section 2 of the principal Act,- (i) in clause (a), for the words "Agricultural Development Banks" the words "Agricultural and Rural Development Bank" and for the words "Kerala State Co-operative Agricultural Development Bank Limited" the words "Kerala State Co-operative Agricultural and Rural Development Bank Limited" shall be substituted. (ii) in clause (b),for the words "Agricultural Development Bank Limited" the words "Agricultural and Rural Development Bank Limited" shall be substituted; (iii) in clause (g), the words "majority of the members of which are agriculturists and" shall be omitted and after the words "allied purposes;" the words "or for rural development activities;" shall be added; (iv) in clause (h), for the words "known as a Primary Co-operative Agricultural Development Bank Limited" the words "known as a Primary Co-operative Agricultural and Rural Development Bank Limited" shall be substituted; (v) after clause (i), the following clause shall be inserted, namely:- "(iA) "Rural Development" means any activity intended to promote the development in rural area and includes the following developmental activities,- (1).development of handicrafts and other crafts. (2).small industries. (3).cottage and village industries. (4).industries in tiny and decentralized section. (5).rural housing needs of the rural population." 6. Substitution of the words "Agricultural and Rural Development Bank" for the words "Agricultural Development Bank" in Act 20 of 1984.- Throughout the principal Act, except in the Long title, Preamble, sub-section (1) of section 1 and clauses (a), (b) and (h) of section 2, for the words "Agricultural Development Bank" wherever it occurs, the words "Agricultural and Rural Development Bank" shall be substituted. 7. Construction of references to "Agricultural Development Bank and "the Kerala State Co-operative Agricultural Development Banks Act.".- (1) Reference to "Agricultural Development Bank" and "Kerala State Co-operative Agricultural Development Banks Act" in any Act or in any rule, notification, proceeding, order, regulation, bye-law, bond, debenture, agreement, guarantee or other instrument made, issued or continued in force under such Act or under the principal Act, shall be construed as reference to "Agricultural and Rural Development Bank" and the "Kerala State Co-operative Agricultural and Rural Development Banks Act" respectively. 8. Legal Proceedings.- Where immediately before the commencement of the Kerala State Co-operative Agricultural Development Banks (Amendment) Act, 1990 any legal proceedings are pending in which the "Agricultural Development Bank" is a party the "Agricultural and Rural Development Bank" shall be deemed to be substituted for "Agricultural Development Bank" in those proceedings. 9. Amendment of section 8.- In section 8 of the principal Act,- (i) after clause (h), the following clauses shall be inserted, namely:- "(hA)financing individual artisans, craftsmen, handicraftsmen and small entrepreneurs who are engaged in or propose to undertake any industrial or other activities in connection with the handicrafts or other crafts. (hB) (i) construction of new houses (ii) repairs to existing houses (iii) purchase of ready built houses together with land (iv) purchase of land and construction of houses (v) acquisition of rural dwelling house.". (ii) in clause (i) for the words "agricultural development" the words "agricultural or rural development" shall be substituted. 10. Amendment of section 16.- In sub-section (1) of section 16 of the principal Act, after the words "produce of the land" and before the words "to which the Gehan" the words "raw materials, work in progress or finished goods" shall be inserted. 11. Validation.- Anything done or any action taken before the commencement of this Act, for facilitating rural development as defined in this Act or for advancing loan for any of the purposes specified in this Act shall be deemed to be valid as if it was done or taken under the Principal Act as amended by this Act. 12. Repeal and saving.- (1) The Kerala State Co-operative Agricultural Development Banks (Amendment) Ordinance, 1990 (3 of 1990), is hereby repealed. (2) Notwithstanding such repeal, anything done or deemed to have been done or any action taken or deemed to have been taken under the principal Act as amended by the said Ordinance shall be deemed to have been done or taken under the principal Act as amended by this Act. |