Mode of dealing with application for loans for purposes (a) and (c) of section 4(1)

Mode of dealing with application for loans for purposes

1. (a) and
2. (c) of section 4(1).

1. (1) When an application for a loan for purposes mentioned in clauses
   • (a) and
   • (c) of section 4
2. (1) of this Act is made, the officer to whom the application is made, may, if it is, in his opinion, expedient that public notice be given of the application, publish a notice in the usual manner, calling upon all persons objecting to the loan for the particular purpose to appear before him at a time and place fixed therein and submit their objections.
3. (2) The officer shall consider every objection submitted under sub-section (1), and make an order in writing either admitting or over-ruling it : Provided that, when the question raised by an objection is, in the opinion of the officer, one of such a nature that it cannot be satisfactorily decided except by a Civil Court, he shall postpone his proceedings on the application until the question has been so decided.
4. (3) If the officer is satisfied that the application for grant of loan may be allowed, he shall determine whether the loan may be advanced in lump sum or by instalments, and in the latter case, to what extent and at what intervals.