Section 62 of The National Bank for Agriculture and Rural Development Act, 1981
If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, not inconsistent with the provisions of this Act, remove the difficulty: Provided that no such order shall be made after the expiry of a period of three years from the commencement of this Act.
Summary
- The Central Government had a special power to issue orders to fix any difficulties that came up while trying to put this Act into practice.
- Any order the government made to solve a difficulty could not go against the actual rules written in the Act.
- This was a temporary power meant to help launch the bank smoothly.
- The government was only allowed to use this power for the first three years after the Act started.
Practical examples
FAQ
1. Who had the authority to fix difficulties under this section?
Only the Central Government had this power.
2. Could the government change the core rules of the Act using this power?
No, any order made had to be consistent with the existing provisions of the Act.
3. Is this power still active today?
No, it strictly expired three years after the commencement of the Act.
Test yourself
Q1.Under Section 62 of The National Bank for Agriculture and Rural Development Act, 1981, who holds the power to make an order to remove a difficulty?
Q2.Under Section 62 of The National Bank for Agriculture and Rural Development Act, 1981, what is the time limit for making an order to remove a difficulty?
Q3.Under Section 62 of The National Bank for Agriculture and Rural Development Act, 1981, what restriction applies to the content of the order removing a difficulty?
Q4.Under Section 62 of The National Bank for Agriculture and Rural Development Act, 1981, what specifically triggers the use of this power?