Bare Act
The Manipur Ministers, Speakers and Chairman, Hill Areas Committee of the Legislative Assembly (Grant of Motor Car Advance) Act, 1975
General197520 sections
This Act provides the necessary framework for granting motor car loans to the Ministers, Speakers, and the Chairman of the Hill Areas Committee within the Manipur Legislative Assembly. It establishes strict guidelines regarding the loan limits, capping the advance at sixteen thousand rupees or the actual vehicle cost, whichever is lower. Furthermore, it mandates monthly repayments, usually deducted from the recipient's salary over a maximum of sixty months, along with simple interest on any outstanding balance. The legislation also ensures that officials cannot sell or transfer their vehicles until the debt is fully settled, preventing misuse of government-funded assets.
- 1. Short title and commencement
- 2. Definitions
- 3. Amount of advance
- 4. Recovery of Advance
- 5. Commencement of recovery
- 6. Interest
- 7. Instalments of interest
- 8. Recovery of balance before vacating office
- 9. Restriction on sale or transfer
- 10. Refund of advance
- 11. Agreement and mortgage bonds
- 12. Insurance
- 13. Amount of insurance
- 14. Applicability of rules and decision of Govt. of Manipur to certain matters
- 15. Applicability of rules to speaker and Chairman of the Hill Areas Committee
- 16. Repeal and Saving
- Schedule. Schedule
- FORM II. FORM OF MORTGAGE BOND FOR MOTOR VEHICLE INITIAL ADVANCE
- FORM III. LETTER INTIMATING TO THE INSURANCE COMPANY GOVERNMENT’S INTEREST IN INSURANCE POLICIES OF MOTOR CARS, ETC.
- STATEMENT OF OBJECTS. STATEMENT OF OBJECTS & REASONS
PDF: pending for this language.