section 2
Definitions
The Madhya Pradesh Sahakari Krishi Aur Gramin Vikas Bank Adhiniyam, 1999Finance199963 sections
Statutory text
- (1) In this Act, unless the context otherwise requires,—
- (a) "Board" means the Board of Directors of the Madhya Pradesh State Co-operative Agriculture and Rural Development Bank Limited;
- (b) "State Development Bank" means the Madhya Pradesh State Co-operative Agriculture and Rural Development Bank Limited, registered or deemed to be registered under the Madhya Pradesh Co-operative Societies Act, 1960 (No 17 of 1961);
- (c) "District Development Bank" means a district Co-operative Agriculture and Rural Development Bank registered or deemted to be registered under the Madhya Pradesh Co-operative Societies Act, 1960 (No 17 of 1961);
- (d) "Loanee" means the person to whom loan is advanced by the State Development Bank or a District Development Bank on security as provided in sub-section (1) of section 15;
- (e) "National Bank" means National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 (No. 61 of 1981);
- (f) ["Registrar" omitted in translation logic, proceeding based on (g)]
- (g) "Sinking Fund" means a fund established and maintained by the State Development Bank for redemption of ordinary debentures;
- (h) "Trustee" means the Trustee referred to in section 7.
- (i) "Security" means the security as refered to in sub-section (1) of section 15 to secure the repayment of loan:
- (2) Words and expressions used in this Act, but not defined shall bear the meaning as assigned to them under the Madhya Pradesh Co-operative Societies Act, 1960 (No. 17 of 1961).
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