State Act

The Gujarat Land Revenue Code, 1879

135 O. (1) Whenever an agriculturist mortgages or creates a charge on his land or any interest therein in favour of a bank for the purpose of obtaining financial assistance from that bank, or (2) whenever an agriculturist redeems any mortgage or a charge on his land or any interest therein by payment of mortgage money, the bank shall— (a) make necessary entries in the agriculturist pass-book of the agriculturist and thereafter return the pass-book to the agriculturist, and (b) (i) in the case falling under clause (1) report in writing of its acquisition of right as mortgagee to the 1[competent authority] in accordance with the provisions of section 135C, and (ii) in the case falling under clause (2) report in writing of the redemption of mortgage to the 1[competent authority] in accordance with the provisions of section 135C.