(1)The Banks and the financial institutions shall make necessary
entries in the relevant columns of the Pass Book regarding the financial
assistance or loan given to the land holder and the charge or mortgage created
in the relevant columns of the Pass Book in respect of the land.
(2) The Bank or the financial institution, as the case may be, shall send an extract of the entries made in the Pass Book to the Competent Authority within fifteen days from the date of the transaction. The competent authority shall cause the entry to be made in the Pass Book maintained by it.
(2) The Bank or the financial institution, as the case may be, shall send an extract of the entries made in the Pass Book to the Competent Authority within fifteen days from the date of the transaction. The competent authority shall cause the entry to be made in the Pass Book maintained by it.
1. Sections 22-A to 22-I inserted by Act VII of 2002, s. 2.