The Assam Recovery of Loans (Amendment) Act, 1977

<l\ 56 No. 56 Registered No.-A.J 2. The Assam . Gazette EXTRAORDINARY JtUBLISHBD BY AUTHO~ITY fi,.t~, ~~~, 29 ~f~il, 1977, 9 (f~f'if', 1899 <t~ Olspor, Friday, 2!Jth Apr\l, 1977, 9th Va.isaklfii, 1899 (S. E.) :-li...).===--:-·· GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR LEGISLATIVE DEPA)lTMENT NOTIFICATION The 27th April 1977 No.LJL.20/77/5.-The following Act of the Assam Legislative Assembly which received the assent of the Governor is · hereby pub­ lished for general information, / 274 -THE ASSAM GAZETTE, EXTRAORDlNARY, APRIL 29, l9i; ASSAM AC1 IV OF 1977 . (R~c~ive1 the asseet of the Governor on 25th April 1977) THE ASSAM RECCJVERY OF LOANS tAMENDMENT) ACT, "1977 An Act to amend the Assam Recovery of Loans Act, 1976. F reambb Whereas it is expedient to amend the Assam Recovery of Loans Act, 1976, hereinafter called the principal Act, in the manner hereinafter1 appearing ; It is hereby enacted in the Twenty-eighth Year of the Republic of India as follows :- short title, I. ( 1) This Act may be called the Assam Recovery of extent and Loans lAmendment) Act, 1977. commence- ment. Amendment of section 2 of Assam Act X II of 1!:!76. (2) It shall have like extent as the principal Aqt. (3) It shall come into force at once. 2. ln the principal Act, in section 2, in clause (b)- ( a) for the items (i) to (iv), the following shall be substituted, namely : - "(i) a banking company as defined in the Banking Regulation Act, 1949 (10 of 1949); (ii) the State Bank of India constituted under the . State Bank of India Act, 1955 (23 of 1955) ; (iii) a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) ; (iv) a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970); (v) a Regional Rural Bank constituted under the Regional R ural Ban ks Act, 1971.! (21 of 1976) ; f 4 THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 29, 1977 275 (vi) any banking institution notified by the Central Government . under section SI of the Banking Regulation Act, 1949 (I 0 of 1949); (vii) the Agricultural Refinance and Development Corporation cons­ tituted under the Agricultural Refinance and Development Corporation Act, 1963 (IO of 1963)"; I (b) item (v) shall be renumbered as item (viii). U. TAHBILDAR, Secretary to the Govt. -of Assam Legislative Department. GAUHATI-Printed and published by the Supdt., i/e., Assam Govt. Printing Press ' (Ex-Gaette) No.) ll-l,625+1,008-29-4-1977. J