♣An Act to provide for relief of indebtedness of agricultural debtors in Bangladesh.
WHEREAS it is expedient to provide for the relief of indebtedness of agricultural debtors and to amend the law governing the relations between agricultural debtors and their creditors;
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It is hereby enacted as follows:-
CONTENTS
SECTIONS
1. Short title, extent and commencement
3. Establishment of Debt Settlement Boards
4. Power of Government to cancel appointment of Chairman and members of, or to dissolve, a Board
5. Delegation of power to Commissioner
7. Government may invest Boards with certain powers
8. Application for settlement of debts
9. Application for settlement of join debts
10. Form and verification of application
11. Statement of debt to be included in application
12. Procedure on receipt of application
13A. Notice to persons in possession under a creditor
13. Further statements of debts
15. Board to attempt amicable settlement
18. Determination of amounts of debts
19A. Delivery of immovable property to debtor
20. Decision by Board as to whether a person is a debtor
21. Grant of certificate in respect of certain debts
22. Adjustment of an insolvent debtor's debts
23. The Principal of certain debts not to be reduced
24. Exemption of certain property of an insolvent debtor from sale
26. Special provision for arrears of rent
27. Existing mortgages, etc., to subsist
28. Recovery of amounts included in an award
29. Distribution of sale-proceeds
31. Settlement of debts of a member of a co-operative society
32. Stay of proceedings before the Boards
33. Bar to suits and proceedings in Civil and Revenue Courts
34. Stay and statement of suits and proceedings
35. Bar to execution of certain decrees and certificates
36. Certain decrees to be treated as nullities
37. Attachment of debtor's immovable property
39. Transfer of applications from one Board to another
42. Reference to Appellate Officer
44. Power of Board to review its order
45. Certain Acts not to apply to the proceedings under this Act
46. Representation of a party before a Board
46B. Report to Sub-divisional Magistrate against suspected touts
46C. Hanging up of lists of touts in Board's offices
46E. Complaint to Sub-divisional Magistrate against touts found within precincts of Board's office
46A. Power to frame and publish lists of touts
47. Registration of awards and certificates
48. Publication of orders and awards
49. Chairman and member of Boards deemed to be public servants
50. Proceedings deemed to be judicial proceedings
52. Extension of period of limitation
53. Negotiability of awarded amounts
56. Penalty or breach of rules
57. Certain fees recoverable as public demands
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