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SCHEDULE 2. AMENDMENT OF CERTAIN ENACTMENTSPART
SCHEDULE 2
(SeeSection47)
AMENDMENT OF CERTAIN ENACTMENTSPART
I Amendments to the Reserve Bank of India Act, 1934 (2 of 1934) Amendments
1. In Section 2, for clause (a), substitute the following clauses, namely:-
"(a) 'Agricultural Refinance Corporation' means the Agricultural Refinance Corporation established under Section 3-of the Agricultural Refinance Corporation Act) 1963 ;
(aa) 'the Bank' means the Reserve Bank of India constituted by the Act;".
2. In Section 17,-(a) after clause (4-D), insert the following clause, namely:-
"(4-E) the making to the Agricultural Refinance Corporation of loans and advances repayable on the expiry of fixed periods not exceeding eighteen months from the date of the making of the loan or advance, against the security of stocks, funds and securities (other than immovable property) in which a trustee is authorised to invest trust money by any law for the time being in force in India." ;
(b) in clause (8-A), after the words "the capital of", insert the words "the Agricultural Refinance Corporation.".
PART II
Amendments to the Industrial Disputes Act, 1947 (14 of 1947)
In Section 2, in sub-clause (i) of clause (a), after the words "to any industrial dispute concerning" insert the words "the Agricultural Refinance Corporation established under Section 3-of the Agricultural Refinance Corporation Act, 1963, or".
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