The Himachal Pradesh Distressed Persons (Facilities for Loans) Act, 1976
Himachal Pradesh · state statute
Open in Lexace · Ask the AI about this actTHE HIMACHAL PRADESH DISTRESSED PERSONS (FACILITIES
FOR LOANS) ACT, 1976
ARRANGEMENT OF SECTIONS
Sections:
1. Short title, extent and commencement.
2. Definitions.
3. Power of State Government to make rules for grant of loans and
their recovery.
4. Recovery of loans as arrears of land revenue.
5. Liability of joint-borrowers as among themselves.
6. Rule making power.
7. Repeal and savings.
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THE HIMACHAL PRADESH DISTRESSED PERSONS (FACILITIES
FOR LOANS) ACT, 1976
(ACT NO. 18 OF 1976) 1
(Received the assent of the Governor on the 30 th April, 1976 and was
published in the Rajpatra, Himachal Pradesh (Extra- ordinary), dated the 4 th
May, 1976, pp. 1201-1204).
An Act to provide for extention of loan facilities to distressed person in
certain cases.
BE it enacted by the Legislative Assembly of Himachal Pradesh in the
Twenty-seventh Year of the Republic of India, as follows:-
1. Short title, extent and commencement.- (1) This Act may be called
the Himachal Pradesh Distress Persons (Facilities for Loans) Act, 1976.
(2) It extends to the whole of Himachal Pradesh.
(3) It shall come into force at once.
2. Definitions.- In this Act, unless the context otherwise requires,-
(a) "Official Gazette" means the Rajpatra, Himachal Pradesh; and
(b) "State Government" means the Government of Hima chal
Pradesh.
3. Power of State Government to make rules for gran t of loans and
their recovery.- The State Government may, from time to time, by
1. For Statement of Objects and Reasons see the Raj patra, Himachal Pradesh
(Extra-ordinary), dated 8 th March, 1976, p. 833. For its Authoritative Hindi T ext
see the Rajpatra, Himachal Pradesh (Extra-ordinary) , dated 25 th March, 1994,
pp. 442-444.
THE HIMACHAL PRADESH DISTRESSED PERSONS (FACILITIES
FOR LOANS) ACT, 1976
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notification in the Official Gazette, make rules as to the grant of loans and
their recovery to be made, to persons affected by d istress caused by
calamities, such as floods, epidemics, famine, eart hquakes, land-slides,
avalanches, snow-storms, hail-storms, fire, severe drought, excessive rains,
wind storm, lightening and electric shock and locusts.
4. Recovery of loans as arrears of land revenue.- Every loan made
in accordance with rules made under this Act, all i nterest chargeable thereon,
and costs, if any, incurred in making or recovering the same, shall when they
become due, be recoverable from the person to whom the loan was made or
from any person, who has become surety for the repa yment thereof as if they
were arrears of land revenue.
5. Liability of joint borrowers as among themselves .- When a loan
is made under this Act to two or more persons on su ch terms and conditions
that all of them are jointly and severally bound to the State Government for
the payment of the whole amount payable in respect thereof, and a statement
showing the portion of that amount which as among themselves each is bound
to contribute, is entered upon the order granting t he loan and is signed,
marked, or sealed by each of them or his agent duly authorised in this behalf
and by the officer making the order, that statement shall be conclusive
evidence of the portion of that amount which as amo ng themselves each of
these persons is bound to contribute.
6. Rule making power.- (1) The State Government may subject to
the condition of previous publication, make rules f or the purpose of giving
effect to the provisions of this Act.
(2) Every rule made under this section shall be laid, as soon as may be
after it is made, before the Legislative Assembly w hile it is in session for a
total period of not less than fourteen days which m ay be comprised in one
session or in two or more successive sessions and i f before the expiry of the
session in which it is so laid or the sessions afor esaid, the Assembly makes
any modification in the rule or decides that the ru le should not be made, the
rule shall thereafter have effect only in such modi fied form or be of no effect,
as the case may be, so, however, that any such modi fication or annulment
shall be without prejudice to the validity of anyth ing previously done under
that rule.
7. Repeal and savings.- The Punjab Distressed Persons (Facilities for
Loans) Act, 1958, (11 of 1958), in its application to the territories added to
Himachal Pradesh under section 5 of the Punjab Re-o rganisation Act, 1966,
(31 of 1966), is hereby repealed:
Provided that anything done, action taken, rules ma de or notification
issued in exercise of the powers conferred by or un der the provisions of the
Act so repealed to the extent of their being consis tent with the provisions of
this Act shall be deemed to have been done, taken, made or exercise of the
powers conferred by or under this Act, as if this A ct was in force on the day
on which such thing was done, action taken, rules made or notification issued.
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