Title : Corporation to Maintain Two Funds
State : Central
Year : 1968
The Corporation shall establish two separate funds , namely:- (a) Agricultural Credit ( Stabilisation ) Fund ( hereinafter referred to as Stabilisation Funds ), and (b) Reserve Fund. View Complete Act List Judgments citing this sectionTitle : Stabilisation Fund
State : Central
Year : 1968
(1) To the Stabilisation Fund shall be credited such sum, not being less than ten and not more than fifteen percent, as the Corporation may deem fit from out of its net annual profits before declaring a dividend. (2) Subject to such conditions as may be specified by the Board by regulations, the amount lying to the credit of the Stabilisation Fund shall be utilised solely for the purpose of making loans or advances with a view to enabling any co- operative society or other person to pay its or his dues in case where, in the opinion of the Corporation, such society or other person is unable to pay such dues in time owing to drought, famine or other natural calamities. View Complete Act List Judgments citing this sectionTitle : Reserve Fund
State : Central
Year : 1968
(1) To the Reserve Fund shall be credited such sums not being more than fifteen percent as the Corporation may deem fit out of its not annual profits before declaring a dividend. (2) The amounts lying to the credit of the Reserve Fund shall be utilized solely for such purposes as the Board may by regulations specify. View Complete Act List Judgments citing this sectionTitle : Recovery of Moneys Due to the Corporation
State : Central
Year : 1968
Where any amount is due to the Corporation in respect of loans or advances or other financial accommodation granted by it to any person , the Corporation or any person authorised by it in writing in this behalf , may, without prejudice to any other mode of recovery, make an application to the appropriate Government for the recovery of the amount due to it , and if the appropriate Government, or such authority , as that Government may specify in this behalf is satisfied after following such ;procedure as may be prescribed, that any amount id so due it may issue a certificate for that amount to the Collector, and the Collector shall proceed to recover that amount in the same manner and under the same condition as if it were an arrears of land revenue. View Complete Act List Judgments citing this sectionTitle : Accounts
State : Central
Year : 1968
(1) The balance-sheet and accounts including the profit and loss account of the Corporation shall be prepared and maintained in such form and manner as maybe prescribed. (2) The Board shall cause the books and accounts of the Corporation to be balanced and closed on the thirtieth day of June each year. View Complete Act List Judgments citing this sectionTitle : Reserve Bank to Submit Report
State : Central
Year : 1968
The Reserve Bank shall, on the expiry of a period of three years, from the date of established of the Agricultural Credit Corporation in a State or Union territory and thereafter at an interval of three years and within such time as the Central Government may specify, submit a report to that Government as to the working of the Corporation and forward a copy thereof to the State Government concerned. View Complete Act List Judgments citing this sectionTitle : Construction of References to Authorities Where New Authorities Have Been Constituted
State : Central
Year : 1968
Any reference by whatever form of words in any law for the time being in force in the State of Jammu and Kashmir to any authority competent at the date of the passing of that law to exercise any powers or discharge any functions in that State shall, where a corresponding new authority has been constituted by or under any law now extended to that State, have effect as if it were a reference to the new authority. View Complete Act List Judgments citing this sectionTitle : Reports Relating to Accounts of Bihar and Uttar Pradesh
State : Central
Year : 1968
The reports of the Comptroller and Auditor-General of India referred to in clause (2) of article 151 of the Constitution relating to the accounts of the State of Bihar or Uttar Pradesh in respect of any period prior to the appointed day shall be submitted to the Governor of each of the States of Bihar and Uttar Pradesh who shall cause them to be laid before the Legislature of the State. View Complete Act List Judgments citing this sectionTitle : Arrears of Taxes
State : Central
Year : 1968
The right of Bihar or Uttar Pradesh to recover arrears of any tax or duty on property situate in the transferred territories, including land revenue, orto recover arrears of any other tax or duty in any case where the place of assessment of that tax or duty is in the transferred territories shall belong to the State to which the territories are transferred. View Complete Act List Judgments citing this sectionTitle : Right to Recover Loans and Advances
State : Central
Year : 1968
The right to recover any loans or advances made before the appointed day by Bihar or Uttar Pradesh to any local body, society, agriculturist, or other person in the transferred territories shall belong to the State to which the territories are transferred. View Complete Act List Judgments citing this section