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AGRICULTURISTS' LOANS ACT, 1884 Section 6

Title: Liability of joint-borrowers as among themselves

State: Central

Year: 1884

When a loan is made under this Act, to the members of a village community or to any other persons such terms that all of them are jointly and severally bound to the Government for the payment of the whole amount payable in respect thereof, and a statement showing the portion of that amount which as among themselves each is bound to contribute is entered upon the order granting the loan and is signed , marked, or sealed by each of them or his agent duly authorized in this behalf and by the officer making the order, that statement shall be conclusive evidence of the portion of that amount which as among themselves each of those persons is bound to contribute.

AGRICULTURISTS' LOANS ACT, 1884 Complete Act

State: Central

Year: 1884

.....LOANS ACT, 1884 12 of 1884 24th July, 1884 STATEMENT OF OBJECTS AND REASONS "The object of this Bill is to repeal the Northern India Takkavi Act and re-enact it with certain amendments which appear to be desirable. First.- The existing law makes no provision for recovery as an arrear of land revenue of interest on loans made under it and of the costs (if any incurred by the Government in making the loans. Section 3 of Act X of 1879 only provides for the recovery in this way of the principal sum advanced. Section 5of the Bill supplies this omission by providing that interest and costs (if any) may be recovered as arrear of land-revenue in the same manner as the principal. Secondly.- Act X of 1879 extends to certain limited areas, namely the North Western Province and Oudh, the Punjab, the Central Provinces, Assam and Ajmer. At present there is no law in force in Bengal and Coorg under which advances of the nature of those with which the Act deals can be made. There are provisions relating to such advances in the laws in force in Bombay, Madras and British Burma; but the Local Government of Bombay and Madras are authorised to accept the extension of Northern India Act to.....

AGRICULTURISTS' LOANS ACT, 1884 Complete Act

Title: AGRICULTURISTS' LOANS ACT, 1884

State: Central

Year: 1884

Preamble1 - AGRICULTURISTS' LOANS ACT, 1884 Section1 - Short title Section2 - Local extent Section3 - [Reapled] Section4 - Power for State Government to make rules Section5 - Recovery of loans Section6 - Liability of joint-borrowers as among themselves