In force · As amended up to 2026-08
1. Cf. the definition in s. 3 (10) of the General Clauses Act, 1897 (10 of 1897).
1. The Act has been amended in its application to the State of Madhya Pradesh by the C.P. and Berar Land Improvement Loans (Amendment) Act, 1949 (C. P. & B. 55 of 1949). Bombay by Bombay Act 27 of 1958, U.P. by U.P. Act 42 of 1958 and Haryana by Haryana Act 26 of 1971. The Act has been extended to the Hyderabad and Saurasthra area of the State of Bombay by Bombay Act 27 of 1958.
The Act as at present in force in the State of Gujarat, extended to the Union territory of Dadra and Nagar Haveli by G.S.R. 1639, dated 3-12-1962. Madhya Pradesh by Madhya Pradesh Act 23 of 1958 (when notified), to Goa, Daman and Diu with modifications, by Reg. 12 of 1962, s. 3 and Sch. and to the whole of the Union territory of Lakshadweep by Reg. 8 of 1965, s. 3 and Sch. (w.e.f. 1-10-1967). The Act has been repealed in its application to Bellary District by Mysore Act 14 of 1955 and to Malabar District of Kerala by Kerala Act 27 of 1961.
Instruments executed by persons taking loans, or by their sureties, as security for the repayment of such loans, are exempted from stamp-duty— see the Indian Stamp Act, 1899 (2 of 1899), Sch. I. Art. 40, exemption (1) and notification under s. 9.
2. Subs. by the Adaptation of Laws (No. 2) Order, 1956, for "Part B States".
3. Subs., ibid., for "a Part A State or a Part C State".
4. The words "with the previous sanction of the G.G. in C," rep. by Act 8 of 1906, s. 2.
1. Cf. the definition in s. 3 (10) of the General Clauses Act, 1897 (10 of 1897).
2. The words "with the previous sanction of the G. G. in C." omitted by Act 8 of 1906, s. 2.
objecting to the loan to appear before him at a time and place fixed therein and submit their objections.
(2) The officer shall consider every objection submitted under sub-section (1) , and make an order in writing either admitting or overruling it:
Provided that, when the question raised by an objection is, in the opinion of the officer, one of such a nature that it cannot be satisfactorily decided except by a Civil Court, he shall postpone his proceedings on the application until the question has been so decided.
Source: India Code