PRELIMINARYCentral

Section 1 of The National Bank for Agriculture and Rural Development Act, 1981

(1)This Act may be called the National Bank for Agriculture and Rural Development Act, 1981.
(2)It extends to the whole of India.
(3)It shall come into force on such date 1 as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act, and any reference in any provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Summary

The official name of this law is the National Bank for Agriculture and Rural Development Act, 1981.
The rules in this law apply to the entire country of India without exceptions.
The Central Government holds the power to decide exactly when the law becomes active.
The government makes the starting date official by printing a notification in the Official Gazette (the public journal of the government).
The government is allowed to activate different parts of the law on different dates, rather than turning everything on at once.

Practical examples

1A small business owner in the state of Kerala wants to know if the National Bank rules apply to her rural startup. Her accountant confirms that the law covers the whole of India, meaning her state is fully included.

2The government decides that the basic rules for setting up the bank will start on May 1, 1982, but waits until July 12, 1982, to activate the rules regarding the transfer of business from other banks.

FAQ

1. Does this law only apply to rural states?

No, the text specifically states that the law extends to the whole of India.

2. Did the entire law take effect on a single day?

Not necessarily, because the law allows the Central Government to appoint different dates for different provisions to take effect.

3. How does the public know when the law starts?

The Central Government announces the starting dates by publishing an official notification in the Official Gazette.

Test yourself

Q1.Under Section 1 of The National Bank for Agriculture and Rural Development Act, 1981, what geographical area is covered by the law?

Q2.Under Section 1 of The National Bank for Agriculture and Rural Development Act, 1981, who decides when the law officially begins to operate?

Q3.Under Section 1 of The National Bank for Agriculture and Rural Development Act, 1981, how must the activation date of the law be announced to the public?

Q4.Under Section 1 of The National Bank for Agriculture and Rural Development Act, 1981, which statement is true regarding the timing of the law taking effect?

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