Act Info:Preamble1 - STATE AGRICULTURAL CREDIT CORPORATIONS ACT, 1968
Chapter 1
Section1 - Short title and commencement
Section2 - Definitions
Chapter 2
Section3 - Establishment of State Agricultural Credit Corporation
Section4 - Head office and other offices
Section5 - Share capital and share holders
Section6 - Restrictions on transfer of shares
Chapter 3
Section7 - Management
Section8 - Corporation to be guided by directions of Central Government
Section9 - Constitution of Board
Section10 - Managing director
Section11 - Term of office of directors other than managing director
Section12 - Disqualifications
Section13 - Vacation of seats of directors
Section14 - Executive Committee and other committees of the corporation
Section15 - Meetings of Board and committees
Section16 - Directors of Board or members in a committee not to vote in certain cases
Section17 - Defects in appointments not to invalidate acts , etc.
Section18 - Fees and allowances of directors and members of committees
Chapter 4
Section19 - Business which the Corporation may transact
Section20 - Borrowing by the Corporation
Section21 - Deposits with the Corporation
Section22 - Limits on borrowings and deposits
Section23 - Corporation to maintain two funds
Section24 - Stabilisation Fund
Section25 - Reserve Fund
Section26 - Payment of dividend
Section27 - Investment of surplus Funds
Section28 - Recovery of moneys due to the Corporation
Section29 - Acquisition or transfer by the Corporation of business, assets and liabilities from or to co-operative societies
Chapter 5
Section30 - General meetings
Chapter 6
Section31 - Accounts
Section32 - Audit
Section33 - Returns
Chapter 7
Section34 - Certain provisions of the Banking Regulations Act, 1949 to apply to the Corporation
Section35 - Certain provisions of the Reserve Bank of India Act, 1934 to apply to the Corporation
Section36 - Reserve Bank of India Act, 1934 and Banking Regulation Act, 1949, not to apply except as otherwise provided
Section37 - The Bankers Books Evidence Act,1891 to apply
Section38 - Corporation to be deemed to be a co-operative society for the purposes of Income-tax Act, 1961
Section39 - Court, Tribunal, etc., not to require production of report on inspection made by the Reserve Bank
Chapter 8
Section40 - Declaration of fidelity and secrecy
Section41 - Indemnity of director
Section42 - Protection of action taken in good faith
Section43 - Liquidation of the Corporation
Section44 - Reserve Bank to submit report
Section45 - Staff of the Corporation and delegation of powers
Section46 - Power of the Central Government to make rules
Section47 - Power of the Board to make regulations
Section48 - Amendment of Act 10 of 1963
Schedule1 - THE SCHEDULE