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National Bank for Agriculture and Rural Development Act, 1981 Chapter I

Title: Preliminary

State: Central

Year: 1981

.....amount as the Central Government may specify by notification in this behalf having regard to trends in industrial development and other relevant factors; (j) "Managing Director" means the Managing Director appointed under section 6: (k) "marketing of crops" includes the processing of crops prior to marketing by any agricultural producers or any organisation of such producers; (l) "National Bank" means the National bank for Agriculture and Rural Development established under section 3. (m) "Notification" means a notification published in the Official Gazette. (n) "primary rural credit society" means a co-operative society by whatever name called,-- (1) Which has as its object or business the provision of financial accommodation to its members for agriculture or agricultural operations or for the marketing of crops, or for rural development; and (2) the bye-laws of which do not permit admission of any other co-operative society as member: Provided that this sub-clause shall not apply to the admission, as a member, of a co-operative society, which is a State co-operative bank or a central co-operative bank by reason of such bank subscribing to the share capital.....

National Bank for Agriculture and Rural Development Act, 1981 Section 2

Title: Definitions

State: Central

Year: 1981

.....amount as the Central Government may specify by notification in this behalf having regard to trends in industrial development and other relevant factors; (j) "Managing Director" means the Managing Director appointed under section 6: (k) "marketing of crops" includes the processing of crops prior to marketing by any agricultural producers or any organisation of such producers; (l) "National Bank" means the National bank for Agriculture and Rural Development established under section 3. (m) "Notification" means a notification published in the Official Gazette. (n) "primary rural credit society" means a co-operative society by whatever name called,-- (1) Which has as its object or business the provision of financial accommodation to its members for agriculture or agricultural operations or for the marketing of crops, or for rural development; and (2) the bye-laws of which do not permit admission of any other co-operative society as member: Provided that this sub-clause shall not apply to the admission, as a member, of a co-operative society, which is a State co-operative bank or a central co-operative bank by reason of such bank subscribing to the share capital.....

National Bank for Agriculture and Rural Development Act, 1981 Chapter VI

Title: Credit Functions of the National Bank

State: Central

Year: 1981

.....(Amendment) Act, 2003. 2.Words "to any State Co-operative bank" substituted by National Bankfor Agriculture and Rural Development (Amendment) Act, 2003. Section 22 - Conversion loan for production credit 1[22. Conversion loan for production credit. -- Where the National Bank is satisfied that owing to drought, famine or other natural calamities, military operations or enemy action, any State co-operative bank, central co-operative bank, regional rural bank or any such financial institution or any financial institution falling under any such class of financial institutions, as may be approved by the Reserve Bank in this behalf, requires assistance under this section, it may provide to such bank or institution such financial assistance as it may deem fit by way of making loans and advances repayable on the expiry of fixed periods not exceeding seven years and on such terms and conditions as may be specified in this behalf by the National Bank: Provided that loans and advances may be made under this section only for the purpose of enabling the borrowing bank or institution,-- (a) to pay any dues to the National Bank for credit extended for financing agricultural.....

National Bank for Agriculture and Rural Development Act, 1981 Section 21

Title: Production and Marketing Credit

State: Central

Year: 1981

.....of the purposesspecified in sub-section (1) Provided that the National Bank may, whenever it considers it necessaryso to do accept in lieu of the actual assignment of any such security in favourof the National Bank a declaration in writing from the borrowing institution. (a) stating that its holds such documents of title to goods as may be setout in the declaration and (b) containing such other particulars as may be required by the NationalBank. (3) Notwithstanding anything contained in sub-section (2) the NationalBank may in its discretion grant a loan or advance (a)2 [to any State co-operative bank or central co-operativebank] if the loan or advance is fully guaranteed for repayment of principal andinterest by Government; (b) to any State co-operative bank which is a scheduled bank if the loador advance is secured either by a bill of exchange or promissory note executedby the central co-operative bank and assigned in favour of the Stateco-operative bank. (4) Not withstanding anything contained in sub-section (2) and (3) thenational bank may also make loans and advances repayable on demand or on theexpiry of fixed periods not exceeding eighteen months against.....

National Bank for Agriculture and Rural Development Act, 1981 Section 25

Title: Other Investment Credit

State: Central

Year: 1981

.....where it is considered necessary so to do in connection with any financial assistance under clause (a) or clause (b) or clause (c) to a State land development bank or a State co-operative bank or a scheduled bank, loans and advanced repayable on demand or on the expiry of a fixed period not exceeding eighteen months, by way of refinance1[or otherwise] to such bank and also rescheduling the payment of such loans and advances for such period as the National Bank may deem fit. (2) The provisions of this section shall be in addition to , and not in derogation of the provisions of section 21 and section 24. ________________________ 1. Inserted by National Bank For Agriculture And Rural Development (Amendment) Act, 2000 (55 of 2000).

Cine Workers Welfare Fund Act, 1981 Complete Act

State: Central

Year: 1981

.....anything necessary for the proper discharge of his duties; and (c) exercise such other powers as may be prescribed, SECTION 09: ANNUAL REPORT OF ACTIVITIES FINANCED UNDER THIS ACT The Central Government shall, as soon as may be, after the end of each financial year, cause to be published in the Official Gazette, a report giving an account of the activities financed under this Act during the financial year, together with a statement of accounts. SECTION 10: POWER TO CALL FOR INFORMATION The Central Government may require a producer to furnish, for the purposes of this Act, such satisfied and other information in such form and within such period as may be prescribed. SECTION 11: POWER TO MAKE RULES 6 (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act. (2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for- (a) the manner in which the Fund may be applied for the measurers and facilities specified in sub-section (1) of section 4-; (b) the conditions governing the grant of any loan under clause (b) of sub-section (1) of section 4-; (c) the.....

Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981 Complete Act

State: Central

Year: 1981

.....giving them any retrenchment benefits, the State Government of Haryana has been continuously urging the Government of India to take over this factory in view of the fact that a large number of employees will be thrown out of employment, if the factory is permanently closed down. The State Government of Haryana has indicated that owing to financial constraints and lack of technical expertise, the State Government is not in a position to take over this cement factory for restarting and running it. 3. The liability of the factory on its restart has been assesed and in the interest of restarting production of cement and also to provide employment to the workers, the Central Government had decided that it would be in the public interest to acquire the cement factory of this company and to transfer it to the Cement Corporation of India which is a public sector undertaking engaged in the manufacture and sale of cement. 4. The Bill seeks to give effect to the above object- Gaz. of Ind., 5-5-1981, Pt. II. S. 2 Ext., p. 361. An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such.....

National Bank for Agriculture and Rural Development Act, 1981 Complete Act

State: Central

Year: 1981

.....shall stand dissolved. The Bill also provides for changes of a supplemental, incidental or consequential nature in the Reserve Bank of India Act, 1934,the Banking Regulation Act, 1949the Industrial Disputes Act. 1947andthe Payment of Bonus Act, 1965. 4. The Notes on clauses appended to the Bill explain the provisions of the Bill.-See Gaz, of India, 18-9-1981, Pt. II.S.2,Ext.p.683. 1An Act to establish a development bank to be known as the National Bank for Agriculture and Rural Development for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Thirty-second Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEPIENT (1)This Act may be called the National Bank for Agriculture and Rural Development Act, 1981 . (2) It extends to the whole of India. (3) It shall.....