The Redemption of Mortgages (Punjab) Act,1913
14th March 1913
1 2 3 4 Year No. Short Title Whether repealed or otherwise affected by legislation 1913 2 The Redemption of Mortgages (Punjab) Act 1913
Amended Punjab Act 7 of 1934 (Part VII)
Amended by the Indian Independence (Adaptation of Bengal and Punjab Acts) Order of 1948 (G.G.O. 40)
Amended by the Adaptation of Laws Order,1951
Amended by adaptaion of Laws Third Amendment order 1951.
Extended to Pepsu Territory and amended by Punjab Act 18 of 1958
PUNJAB ACT 2 OF 1913
An Act to provide a summary procedure for the redemption of certain mortgages of land in Punjab
WHEREAS it is expedient to provide a summary procedure for the redemption of certain mortgages of land in Punjab; It is hereby enacted as follows:-
Section 1. Short title and commencement
(1) This Act may be called the Redemption of Mortgages (Punjab) Act,1913.
(2) It extends to Punjab.
(3) It shall apply only to mortgages of land-
(a)in which, whatever the mortgage money, the land mortgaged, after excluding the area of any share in the common land of the village or of a sub-division of the village appertaining thereto and mortgaged therewith does not exceed in area [50 acres]; or
(b)in which, whatever the area, the principal money secured under the mortgage does not exceed [5000] rupees:
Provided that it shall not apply to any mortgage made under section 6 of the Punjab alienation of Land Act,1900 [or the Patiala Alienation of Land Act,1972 B.K.]
