Section 20, Regional Rural Banks Act, 1976 [S1Q-41S]
As at 7 September 2026. In force from 17 April 1976.
20. Grant of licence.—(1) An application for a licence to undertake the holding of a fair shall be made to the Gram Panchayat in Form 1, accompanied by a fee of two hundred rupees. (2) The Gram Panchayat may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Gram Panchayat may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (1)
Panchayat: Section 2, Regional Rural Banks Act, 1976 [S1Q3FS] (In this Act, unless the context otherwise requires,—): "Panchayat" means an institution of self-government constituted under article 243B of the Constitution for the rural areas
Panchayat: 15 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 19, Regional Rural Banks Act, 1976 [S1Q-40V], 17 April 1976, Band A. "section 20".
Not held (0)
none
Duties published under this section (0)
none