The Gujarat Non-Agriculturists Loans Act, 1928

THE GUJARAT NON-AGRICULTURISTS LOANS ACT, 1928. BOMBAY ACT No. III OF 1928. ....................................

This Act may be called the Gujarat Non-Agriculturists’ Loans Act, 1928.

Section 1 and this section extend to the whole of the Bombay Presidency. The rest of the Act may be extended by the Provincial Government by notification in the Official Gazette to any part of the Presidency from such date as may be specified in such notification.

All loans granted after the 1st day of August, 1927 to such persons as are referred to in section 3 for the purpose mentioned therein shall be deemed to be loans granted under this Act.

(1) The Provincial Government may, from time to time , by notification in the Official Gazette, make rules to carry out the purpose of this Act. (2) In particular and without prejudice to the generality of the generality of the forgoing power, such rules may be made for the following matters, namely:- (a) the manner of making applications for loans; (b) the officers by whom loans may be granted; (c) the nature of the security, if any, to be taken for the due application and repayment of the money, the rate of interest at which and the conditions under which the loans may be granted and the manner and term of granting loans; and (d) the installments by which and the mode in which loans shall be repaid.

11 of 1928, s. 3, and Second Schedule.

E, dated the 1st December 1930, published in the Bombay Government Gazette, 1930, Part I, pp. 2951-58. 9. The words “Provincial Government” were substituted for the words “Local Government” by the Adaptation of Indian Laws Order in Council. 10. The words “Official Gazette” were substituted for the words “Bombay Government Gazette”, 1930, Part I, pp. 2951-58.