Definitions

In this Act, unless the context otherwise requires,— (a) "Agricultural Development Bank" means the Kerala Co-operative Central Land Mortgage Bank Limited, registered under section 10 of the Travancore-Cochin Co-operative Societies Act, 1951 (X of 1952), which shall hereafter be known as the "Kerala State Co-operative Agricultural Development Bank Limited"; (b) "Board" means the board of directors of the Kerala State Co-operative Agricultural Development Bank Limited; (c) "Committee" in relation to a primary bank, means the board of directors or board of management or the committee of management or the governing body to which the management of its affairs is entrusted; (d) "co-operative society", means a co-operative society registered or deemed to be registered under the Kerala Co-operative Societies Act, 1969 (21 of 1969) ; (e) "Gehan" means a special charge on movable or immovable property, in favour of the Agricultural Development Bank or a primary bank by a mere declaration in writing by the borrowers for securing the payment of money advanced or to be advanced by way of loan, which will have all the characteristics of a valid mortgage; (f) "prescribed" means prescribed by rules made under this Act; (g) "primary agricultural credit society" means a co-operative society, majority of the members of which are agriculturists and the principal object of which is the raising of funds for lending to its members primarily for agriculture and allied purposes; (h) "primary bank" means a co-operative society registered under the Kerala Co-operative Societies Act, 1969 (21 of 1969), as a Primary Co-operative Agricultural Development Bank Limited and admitted as a member of the Agricultural Development Bank and includes a co-operative society registered or deemed to be registered under the said Act as a Primary Co-operative Land Mortgage Bank Limited and admitted as a member of the Kerala Co-operative Central Land Mortgage Bank Limited which shall hereafter be known as a Primary Co-operative Agricultural Development Bank Limited; (i) "Registrar" means the Registrar of Co-operative Societies appointed under sub-section (1) of section 3 of the Kerala Co-operative Societies Act, 1969 (21 of 1969); (j) "State" means the State of Kerala; (k) "Trustee" means the Trustee referred to in section 5.