Amendment of Section 162 of the Asssam Land and revenue Regulation, 1886:

In Section 162, after sub-section (2), the following proviso shall be inserted:-nserted:-

"Provided"Provided that nothing contained in this chapter or in the rules made thereunder shall affect any transfer by way of a mortgage in favour of any notionalised banks, a cooperative society registered under the Assam Cooperative Societies Act 1949 or such other financing institution as may be approved by the State Government.

Provided further that such nationalised banks, cooperative Societies or other financing institution shall not transfer any land to a person other than the indigenous inhabitant of Nagaland except with the previous sanction of the State Government or an authority appointed in this behalf'.